China Stocks

[bpkaus]

The company offered no reason for dismissing its previous auditor so we can only speculate as to the reason. Could be something as simple as a cost saving measure. I have to think that the bigger name auditors are scared shitless of lawsuits given the amount of fraud in the sector and for that reason don't object to being fired by their clients. Until I see firm evidence of actual fraudulent activity, however, I'm willing to give the company the benefit of the doubt. As I see it the risk:reward of holding the stk at these levels is in my favor. If the company is given a clean bill of health, the stk could easily trade at a multiple of today's price. Unless the company is a complete scam, the stk isn't going to zero even if it has some accounting issues.