China Stocks

[ratobranco]

WKBT - "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."

Let me tell you from experience that being forgiving like that is an excellent way to lose a shit ton of money in this space

If the company had a compelling excuse for the dismissal and the downgrade, they would have told it to you. If they didn't give you an explanation, ASSUME THE WORST.

In all likelihood, the reason for the resignation is the fact that GKM found some problems with their books. Things are f'd up. The only variable is how f'd up.

Bear in mind that this story has played out numerous times in this space, and every time it plays out, it ends in halts, fraud evidence, hit pieces, and the like. WKBT is not the first. So I would be careful.