China Growth Stocks

[worthylion]

LPH--Red Chip jumping ship immediately is telling. They have been associated with the company long enough to be a good position to know whether there is any credible rebuttal to GEO. Also, they probably talked to management about the charges and apparently didn't hear anything that seemed compelling. I think Red Chip's prior knowledge of the fraud should be investigated. Either they knew something smelled or they were recklessly negligent in their DD. Essentially, they lend their name to a fraud and get paid until it blows up, then wash their hands and walk away with no consequences while investors take a bath. They should be held accountable in addition to LPH management and Board. For the record, I otherwise have no axe to grind with Red Chip. It just seems a little too easy for them to disappear into the night.