I assume with the news from LongTop Piper and PWC will be devising a strategy to determine whether the bank information will be accurate.
As others have noted, there may have been a "coming to Jesus" discussion before Piper and PWC signed on, but perhaps Zheng thought he had bank support at the time. Now the bank will be under intense scrutiny as well.
Each day that goes by without resignations, the better...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.