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Post# of 94785
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Gene_finder

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Gene_finder

Re: joenatural post# 93923

Wednesday, 02/27/2013 2:13:33 PM

Wednesday, February 27, 2013 2:13:33 PM

Post# of 94785
AMBO: AMBO is just an empty SEHLL. The stock will go to ZERO.

Ambow wrongly said it had acquired Changsha Study School in 2008, while it actually paid “to borrow this school’s name and revenue for the IPO,” the plaintiffs allege.
“The cash for the purchase was secretly returned back to Ambow in the form of fake software sales,” according to the complaint, which cites statements from a member of the Changsha owner’s family and “reputable Chinese media” articles.

http://www.bloomberg.com/news/2013-02-27/ambow-education-investors-pursue-lawsuit-as-shares-plunge.html?cmpid=yhoo

--Gene

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