New Energy Systems Group (fka NEWN)

[ChaTea]

Q&A with Geo's whitetiger

I have been allowed back onto the Geo website, and had a Q&A session with whitetiger. I'm sure that running a hedge fund requires a lot of time/ effort, so I appreciate it that he made the effort to respond to my questions:

You stated in another post, "Now,I do believe that, going forward, companies will find ways to have SAIC match SEC, especially the ones that were only committing tax fraud, that are well connected or operating in areas where SAIC agencies struggle with inefficiencies (such as New Energy Systems (NEWN))." I was hoping that you could explain what, specifically, New Energy is doing that is fraudulent in this area.

• My response: That is a question you need to ask NEWN. All I can say is that information i have differs materially from what the COMPANY eventually provided. Allow the auditor and other third parties access Tax docs directly at the SAT agency like Deloitte did with China Mediaexpress Holdin (NASDAQ:CCME). That could go a long way.

Plus, would you please respond to my question regarding the trading in phantom shares, which is rampant with New Energy: should individuals who engage in the illegal trading of phantom shares be prosecuted for this crime?

• My response: I do not know what the punishment would be for 5%+ owner of stock who sells stock without filing the appropriate form. All we know is that one day Bo had shares and then one day he did not. I have not been able to locate the paper trail.

Also, is it true that you are offering, for $25,000, the opportunity for individuals to learn how to attack and destroy the value of US-listed Chinese equities?

• That is pretty funny. But sorry to inform you that this is not true. However, just read my articles for free to determine what red flags to look for. Then you can run this class yourself and become independently wealthy!!!!

And, how do you respond to the allegations that Dan David (an individual with a large amount of responsibility at Geo) actually just manages a few Dollar Stores and drives a limo on the weekend?

• Again pretty funny. Let me just tell you that I am glad the person who wrote this is not helping us with our own DD, as he would be wrong every time.

In addition, would you please supply us with Bob's real name and credentials? A large number of people here in China are curious to find out more information about an individual who is being employed by a US hedge fund to destroy Chinese companies.

• If you would like his credentials just read our reports. And he is here to protect investors from being destroyed by unscrupulous behavior.

Plus, out of curiosity, why have almost all of the NEWN threads on Geo been deleted? I was looking for some that had previously been posted but couldn't find them.

• Sorry. Posts in the boards you are referring to are now only for premium members. They have not been deleted.

http://geoinvesting.com/forums/SingleMessageView.aspx?mid=10120&view=T#singleMsg