Replies to post #195 on China-Biotics, Inc. (CHBT)

[Florinda]

Thanks for posting that link, Rayhuh. I liked the comments from the poster "Professional Sceptic":

I am an auditor for D&T in the U.S., I've performed dozens of audits for large public companies. The steps taken by CHBT to provide greater transparency to its investors and the due diligence by Mr. Nevader and many other serious CHBT investors resemble the same procedures my engagement team would use in the field. Such as confirming cash balances with bank confirmations or bank statements (as an alternative procedure), developing an expectation of revenue for the firm's largest customers, and observing the client's facilities to gain an understanding of the business. These examples all fall under Generally Accepted Auditing Standards (GAAS) issued by the Auditing Standards Board of the AICPA in the US. Whether you personally believe there are over 100 retail outlets or not, the fact remains that the auditor's report gives credibility to information stated in the financial statements not some analyst who may have his own agenda to short the stock. The auditors, as a group independent of management, have an objective view and can report on a company's activites without bias or conflict of interest for the benefit of stockholders and any other interested outside party. In my opinion, the combination of meticulous due diligence from investors and an auditor's "unqualified opinion" provides sufficient support towards management's analysis and conclusions regarding presentation and/or disclosure of CHBT's financial statements. After weeks of research and an in-depth investor's day, the attacks towards CHBT appear to have no basis or merit and fundamentals will eventually prevail. Keep up the good work Jason and I will remain long on CHBT