I used to be invested in this a while ago. I no longer am. I am now very skeptical in regards to their businesses, and their press releases. I personally do not believe the company any longer.
The chinese companies are under attack for a good reason, and they should be. There should be some form of protection for investors from Chinese companies backed by either the trading forum they trade on (NYSE, AMEX, NASDAQ), or the SEC, or they should be required to have an audit done by auditors that can INSURE that the numbers are 100% backed and guaranteed, or you can go after the auditors.
I myself lost a few thousand dollars on a chinese company called CXTI (China Expert Technology). They released press release after press release of all this great, different business. They showed growing quarterly revenue and income. It was great, a no brainer investment. All the sudden, NOTHING. It was a scam. It traded on OTC BB. I would NEVER touch any chinese stock on OTC BB or Pink again for the rest of my life and you can take that to the bank!
Again, i am NOT saying this company is 100% a scam. But i surely do feel it is one now. Also, CHNG is another i used to be invested in, and i think of that similarly.
Good luck to all. The goal is to make money, and i love seeing retailers make it, and not brokerages/scammers.
