SEC FORM 8-K 5/27/2011 James Lee, Tony Shen and Liang Tang resigned from the special committee - they disagreed with company officers and Directors as to the scope of the investigation.
SEC FORM 8-K 5/27/2011 Mr. James Lee resigned as Director and nominating committee chairman of the Board of Dir. - disagreement with Company management in handling the investigation into possible discrepancies concerning banking statements.
SEC FORM 8-K 6/6/2011 MaloneBailey resigned as auditor due to discrepancies noted in Company's bank records, the dismissal of PricewaterhouseCoopers' forensic audit and dissolution of the special committee of the Company's Board of Dir. In one of the lettes of resignation by a board menber, the board member stated that he believed that the bank discrepancies may be an indication that the accounting records of the Company may have been falsified, and the Company's management has not providedd a satisfactory explanation of the discrepancies.
SEC FORM 8-K 6/6/2011 Mr. Henry Sang fong resigned as CFO and Director of the Board of Directors.
SEC FORM 8-K 6/9/2011 Mre. Tony Shen submitted his resignation from the Board.
THIS IS A SINKING SHIP. GIVEN THE ABOVE, IT APPEARS TO ME THAT THE COMPANY MANAGEMENT HAS NO INTENTION OF LETTING ANYONE FIND OUT THE CONDITION OF THE COMPANY, SO HOW CAN YOU ACCURATELY VALUE THIS CONCERN. THEY GOT THEIR MONEY UP FRONT. THEY WERE ABLE TO PURCHASE A COMPETITOR TO OPEN UP A DIFFERENT AREA OF THE MARKETS FOR THEM AND ALSO PURCHASE PLANT AND EQUIPMENT TO INCREASE THEIR MANUFACTURING CAPACITY. THE SEC HAS VERY LITTLE POWER TO REACH INTO CHINA. THEY MAY NOT EVEN CARE IF THE STOCK EVER TRADES AGAIN. THIS WOULD BE AN INTERESTING SITUATION TO FOLLOW EXCEPT I STILL OWN STOCK IN THIS DOG!!!!!!!!!!!!!!!!!!!!!!!
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