Weren't you very cautious on HRBN too before, mate? We had many discussions on this board about their margins being too high, how they were likely to be a fraud, how the merger would never happen, etc...and now Alfred Little buys into it ;).
I think sometimes you need to take a back seat on your negativity.
Investigators on the ground of CCCL have verified their factory capacity, have seen the expansions being done at Hengdali -- ie: Money is being used to do this --, have interviewed low-level employees, etc.
You throw a 50% fraud chance number out wildly, now substantiate it. Call up their clients -- there is a big list in the 20-F, tell us about them denying a relationship. Call up construction industry people in China who work with tiles and don't know the CCCL brand-names. Give us something a little more deep than this if your going to be vocally negative. Give us meat or simply talk about other stocks where you do have "meat" to give!
The fact is, if there was a 50% fraud chance, don't you think people (with on-the-ground know-how) would have shorted the stock on those odds? Shorted when it was at $9? at $8? etc...None of that ever happened.
-Fernando
