China Stocks

[ratobranco]

WKBT - I agree that it could certainly bounce from here given the oversold condition, but on a fundamental level it looks too much like all the other garbage in the space for me to view it as anything other than a run-of-the-mill china RTO fraud. You have all of the markers. Textbook.

As for Alan Kelly, sorry. I don't care if President Obama takes a position on one of these boards. If the company raises money unnecessarily at firesale multiples to fund ridiculous capex, if none of the filings match, if the margins are way out of kilt in comparison with tier 1 Chinese competition, then I'm sticking with the fraud explanation.