China MediaExpress Holdings, Inc. (fka CCME)

[CanZen]

APWR may be latest to bite the dust in the China space.

I think many have doubted this Co's statements for some time. Look for a continued plunge today

http://pr-usa.net/index.php?option=com_content&task=view&id=780918&Itemid=32

Following a substantial stock price decline an investigation on behalf of investors of A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) over potential violations of Federal Securities Laws was announced.




If you purchased shares of A-Power Energy Generation Systems, Ltd. (NASDAQ: APWR), and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation at [e-mail] or call +1(858) 779 - 1554.




The investigation by a law firm focuses on potential securities claims against A-Power Energy Generation Systems, Ltd. resulting from allegations that the company may have issued materially misleading financial statements and business information to the investing public.

A-Power Energy Generation Systems, Ltd. reported a substantial increase in its annual Revenue from $98.70million in 2006 to $311.25million in 2009. However, it reported a decrease in its Net Income from $28.52million for 2008 to a Net Loss of $16.69million in 2009.




Shares of A-Power Energy Generation Systems, Ltd. (NASDAQ APWR) rose in 2008 as high as $30.79 during June and fell until the end of 08 to $3.45 per share. In 2009 APWR shares increased from as low as $3.36 in March 09 to $19.58 on December 24, 2009. Since then APWR stock fell to $1.85 per share on June 17, 2011 when A-Power Energy Generation Systems issued a press release announcing that Robert B. Leckie had resigned from its Board of Directors "as a result of concerns that his views on process and best practices were not necessarily shared throughout the Company."

The same day an article was published on Seeking Alpha raising a number of red flags of fraud at A-Power Energy Generation Systems, Ltd, including allegations that the 2009 financial statements filed by A-Power Energy Generation Systems' main subsidiaries with Chinese regulators showed less than one-tenth of the revenue and cash balances, which appear in A-Power Energy Generation Systems' financial statements filed with the U.S. Securities and Exchange Commission.




Those who purchased shares of A-Power Energy Generation Systems, Ltd. (Public, NASDAQ:APWR), and/or those who have any information relating the investigation, have certain options and should contact the Shareholders Foundation at [e-mail] or call +1(858) 779 - 1554.