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Alias Born 10/22/2009

Re: None

Saturday, 07/14/2012 6:15:54 PM

Saturday, July 14, 2012 6:15:54 PM

Post# of 163722
sorry to be a "debbie-downer", but i think CGS has another "weeeee" stock here (ie pump):

http://brontecapital.blogspot.com.au/2012/06/macroeconomics-of-chinese-kleptocracy.html

my favorite quote:

"The Chinese lower income and middle class people have extremely limited savings options. There are capital controls and they cannot take their money out of the country. So they can't invest in any foreign assets.

Their local share market is unbelievably corrupt. I have looked at many Chinese stocks listed in Shanghai and corruption levels are similar to Chinese stocks listed in New York. Expect fraud."

Why do we think some guy 1,000's of miles away would let us have some of his hard work? Not that SIAF is trying to fraud us per-se, but the dilution is a form of that i am convinced now.

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