Replies to post #2343 on China Organic Agriculture, Inc. fka CNOA

[mug2011]

They increased their share count by about 50% about 3 years ago. It went from about 50 mil to 73 or whatever they have now when they bought either dalian or bellisimo. Can't remember for sure, but that is only time with significant dilution. I sure like to think they are legit, otherwise why buy the vineyard. They have been sued once and actually paid 300k and some shares. Why pay out the suit if you are a fraud. They could have just folded up shop then and saved 300k. Plus if they are a fraud I would think it would be easy enough to seize the vineyard and sell it. That should be worth 10 cents a share right there. The only loans they have are with officers or companies they own part of, so if it is a hoax they shouldn't owe anyone anything right? Time will tell, but I think it maybe a long time. Good Luck

[mp2232]

There are no legal constraints on the pinks that I am aware of. I believe there have even been times where a company is no loner in business and the stock still trades on the pinks. It is the lowest tier and mostly unregulated.