SGOCO Group, Ltd. (SGOC)

[Reters]

fortis,
i was promoting the same DD angle you bought on, the sale of $77mill asset to hit books on 2012 Q1. The support was at $2.85 while it traded $3+. When the earnings were delayed I had a bad chinese feeling so I sold to at support knowing it would break down on fears and it did. With every stock i am quick to buy iam quick to sell. I locked in my profits and thought I would buy back in lower a few days later. NO NEWS CAME, auditor resigned and the rest is history imo.
I KNEW NOTHING BUT HISTORY OF CHINESE FIRMS, BAD ACCOUNTING, LIES AND HYPE. THIS one unfortunately had all of the above.
Auditors are not alergic to $ they dont resign unless they are not willing to sign off on the earnings and numbers. The chinese may lie but the auditors wont, thats why they exsist.
PLAIN AND SIMPLE.
I feel for your loses as I have been there before. I've since made up on those loses and look forward to a brighter tomorrow.
I hope they sign on with a reputible auditor who will sign off on their numbers and SGOC goes to $5+. But if history is any indicator Iam not sure that will happen.