Replies to post #50680 on $heff's $tation of $tocks & $olid DD

[read_this_n0w]

re: china ,.,.. its nasty

had two great runs on it, third one not so
sold most .48 from .58 cost avg

may seem little but on a very overweight position
stuck with may 1$ calls


glad i sold all common before the halt,

This is worse than expected since even numbers early 2011 seems to be unreliable from china.
than again market cap under US assets, so still back on watch list

Still could be value there, but hard to gauge at the current time



"learned in the Investigation to date do not indicate that such improprieties occurred outside of the Chinese legacy hog production business or involved members of the Company's staff and management located in the United States.

After discussing the facts learned in the Investigation to date with management, the Company's audit committee concluded on December 16, 2011 that the Company's previously issued unaudited financial statements for the quarters ended March 31 and June 30, 2011, as well as its audited financial statements for the years ended December 31, 2010 and 2009, should be restated. As a result, the Company's consolidated balance sheets as of March 31 and June 30, 2011 and December 31, 2010 and 2009, the Company's consolidated statements of operations and other comprehensive income (loss) for the quarters ended March 31 and June 30, 2011 and the years ended December 31, 2010 and 2009, the Company's consolidated statements of cash flows for the quarters ended March 31 and June 30, 2011 and the years ended December 31, 2010 and 2009 and the footnotes thereto should no longer be relied upon. Management discussed these matters with the Company's independent registered public accounting firms for the applicable periods. These restatements are in addition to those previously reported by the Company in its Current Report on Form 8-K filed with the Commission on November 10, 2011.

The Investigation by the Special Committee is ongoing, and the Company is continuing to review previously issued financial statements relating to these and other periods. As a result of the ongoing review by the Special Committee and the Company, the Company is unable at this time to estimate the amount and effect of such restatements in each affected accounting period. The Company intends to file its restated financial statements as soon as practicable.

"