Replies to post #1435 on China Sun Group Hi-Tech Co. (CSGH)

[Toxic Avenger]

My sentiments exactly. The longer they delay, the worse it makes them look.

[Ecomike]

The problem is not the auditing firms or choice of auditing firms, the problem is differences in US and China regulations that are in conflict over China secrecy requirements (Laws prohibiting certain disclosures that the SEC has asked some China firms to disclose, but such disclosure would violate China law... but note that CSGH has not been accused by anyone of faking anything, nor is the SEC investigating CSGH) and differences in the two counties accounting practices, some of which have to do with differences in tax practices, good will valuation, derivative valuations (like changing warrant liabilities), and so on.