Sino Clean Energy Inc fka SCEIQ

[raijin]

Honestly, this is ridiculous that this company's value hasn't skyrocketed back to a reasonable P/E since their earnings, share buyback announcement, and their filing of lawsuits against the short and distort crowd. The perception around China is way too negative now and probably is there for a reason. I wouldn't be surprised if funds are slowly accumulating during this time.
I also wouldn't be surprised if these same funds initiated the attacks on some of these companies to drag the whole sector down in order to pick up some of these stocks at severely depressed values. Personally, I think the whole short team didn't expect SCEI management's response(and its been an amazing response). However there's still one thing that troubles me about this company and that is that the chairman of the audit committee resigned on the 16th. Any opinions on his resignation?