China Growth Stocks

[BiotechValues]

Maj, I agree 100% that they need to upgrade auditors and I believe they will soon based on conversations I've had with people who are aware of the ongoing process now.

Of course having an all American citizen management team doesn't guarantee they can not commit fraud. Hell, the VIE structure you correctly point out as being a frequent vehicle for hiding fraud in China was an American export that began with Enron from what I understand.

But unlike other China stocks, management of LLEN (no matter how much you say it doesn't matter) are American citizens, bound by US laws and SEC regulations. And yes, extraditing an American citizen from China is a helluva lot easier than extraditing a Chinese national.

The purpose of this board is to find Chinese stocks that have a lower risk of fraud for long positions, just as your team at GEOinvesting does, and/or to short those that are higher risk of have sound research supporting the claim of fraud for a short position.

IMO, having a management team that are American citizens lowers fraud risk. We'll just have to agree to disagree on that I guess.

CSP