Kemiao Garment Hldg Group (KMGH)

[martind18]

WOW... here is that quote:

Transparency issues have gone away. Remember all the worries about whether you could believe the numbers coming out of these Chinese companies? What happened to all those worries? As far as I can tell, nothing has changed. Nobody has made any moves to revamp the accounting procedures, or improve transparency. Heck, sometimes you can't even get info on these companies. Some Chinese companies don't even file quarterly reports. It's just that more than a year has passed since it was an issue and everyone has forgotten. Oh sure, there was a brief period of six or seven months earlier this year when Chinese IPOs evaporated here. But that started changing in the second half. China is "out of the penalty box," as one trader said.


http://www.cnbc.com/id/101265836