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ratobranco

01/07/11 5:55 PM

#66897 RE: Shengli #66891

Well, maybe Waldo is right. The real stuff either lists over there or goes with Goldman/CreditSuisse/JPMorgan/Citi etc. and IPOs at 200 times earnings.

What gets into the Rodman/Renshaw or Roth worlds are the stinky piles of shit that don't have the financial credentials to otherwise attract investor interest.

Unfortunately, I do not think there are all that many diamonds in this rough patch. There are surely some, like CCME, but not as many as we might hope for. I think they are concentrated in the SPAC names, and some of the reformed RTO names like YONG (which I don't own) that have successfully gone under the knife auditor-wise and that seem to have stopped with all the nonsensical dilution. But that's it.