Replies to post #71909 on China Growth Stocks

[soulstealer]

What abt the 10q's rato? Aren't the balances audited every qtr with the same standards as for 10k?

[derek2000]

CCME - my post was a response to a prior post, which stated the $100m number there.

One thing for sure: Chimin's SAT form is not authentic.

Because of Rato's response, I started reading Chimin's SA article. There was an attached SAT form. Strange thing is, the SAT form has CCME's Chinese name (Fujian FenZhong), a very low revenue and low tax amount, but no signature by the legal representative of the company (ie. the owner), as required by the form, and no company's official seal (red stamp) as is custom in China.

I am 100% sure (and I normally does not use 100% when expressing an opinion) that the SAT form as presented by Chimin is not an authentic SAT form. It is as if someone put up Obama's name on an empty 1040 and claims Obama did not pay any taxes?

PS. Here is the link to Chimin's pdf file (directly from from SA.)

http://www.scribd.com/doc/48276706/Ccme-Saic-and-Sat-Filings

You can check the pages 5, 6 and 7. You do not need to read Chinese to know there is is no signature or red stamp. Only typed words and numbers.

[Koufax]

$31M from the SPAC Rato, how do you come up with that figure? Are you adding together the money from the warrant exercise ($21M) plus the 1M earn-out shares (roughly $10M)? Of course Zheng Cheng received about 2/3ds of that, while the other founders received about 1/3.

Is there other money that you are counting that I did not identify?