Replies to post #138 on China Stocks

[Michael Anderson]

WKBT - I guess that could make sense if it gets through everything, but I dont believe that it neccessarily shows if it is legitimate one way or the other without knowing more. How much research did Mr. McClory do and has continued to do? Also, it depends on how much research is also done by Mr. Kelly as well. It seems like Dan has a reason to see it succeed being invested, but there are red flags including what Rato mentioned. Definitely, if Alan Kelly gets in, it is definitely a positive though.

[bullmarkets]

WKBT - Short Interest:

56,224 shares short on April 15, 2011.

http://www.otcbb.com/asp/OTCE_Short_Interest_popup.asp?Symbol=WKBT&StlmtDt=04/15/2011

WEIKANG BIO TECH CO (WKBT) OTC Type: Other-OTC

Short Interest for April 15 2011
Short
Interest Percent
Change Average Daily
Share Volume Days to
Cover
56,224 3.60 65,120 1.00

-Andrew

[ratobranco]

WKBT - I agree that it could certainly bounce from here given the oversold condition, but on a fundamental level it looks too much like all the other garbage in the space for me to view it as anything other than a run-of-the-mill china RTO fraud. You have all of the markers. Textbook.

As for Alan Kelly, sorry. I don't care if President Obama takes a position on one of these boards. If the company raises money unnecessarily at firesale multiples to fund ridiculous capex, if none of the filings match, if the margins are way out of kilt in comparison with tier 1 Chinese competition, then I'm sticking with the fraud explanation.