InvestorsHub Logo
Followers 29
Posts 5494
Boards Moderated 0
Alias Born 05/25/2010

Re: None

Wednesday, 04/13/2011 3:03:39 PM

Wednesday, April 13, 2011 3:03:39 PM

Post# of 163719
Muddy Waters being interviewed on CNBC - All investors of china stocks need to watch.

http://www.fundmymutualfund.com/2011/04/video-cnbc-muddy-waters-beware-chinese.html

Quite an interesting interview Carson Block of Muddy Waters Research on CNBC today re: some of the scams happening in Chinese companies which have entered the U.S. market via reverse mergers with existing shells. Apparently there are some 300 such companies out there - quite a few have blown up lately, which has cast suspicion on many of the Chinese small caps. Frankly the fact some of these have U.S. auditors who apparently only resign after being outed by a firm like Muddy Waters says a lot about the state of our auditors.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.