Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[jiangbro]

Keekee:

1) First off, I agree it doesn't violate any SEC rules that they didn't bother telling anyone their IR firm resigned. However, it does sort of raise yet another red flag about the reliability of any of the company's announcements. Especially not that they're pink sheets--how can you believe they even have an auditor when they similarly claim they have an IR firm, with contact still on their website, when they actually...don't.

2) JGBO did in fact file an 8-k, that rather famous one which included this letter:
http://www.sec.gov/Archives/edgar/data/1091164/000114420411034429/v225152_ex99-4.htm

3) there was an interesting reply in the same thread to that "worth more than $3 million" yahoo post that sort of echoes my discount rate theory--not exactly, but same general idea and understanding of the situation, the link to that forum thread is:

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/threadview?m=tm&bn=31759&tid=13047&mid=13052&tof=2&rt=2&frt=2&off=1