China Growth Stocks

[Gene_finder]

AMBO has the possibility to become a non-tradable stock.

Concerns of fraud and accounting is enormous for AMBO, giving the strong warning by the audit firm.

It is the strong word “in all material aspects” that frighten people to keep away from it or quickly sell it; audit firm rarely use this type of strong words. That's no different of telling people that it is a fraud.

“In our opinion, the Company did not maintain, in all material respects, effective internal control over financial reporting as of December 31, 2011.”

Nobody wants to touch this stock now as evidenced by the dwindling trading volume. The worse than a dropping price is that you cannot sell at any price if nobody wants to be the greater fool. Any hint of delayed filling of Q1 will result in another 50% drop of the stock price. The talk of 50% drop equals 100% profit is purely nonsense. Too many Chinese small caps have been there.