Replies to post #87749 on China Growth Stocks

[foggysurf]

their one and only customer is one of the largest oil companies in the world, is a fraud?

what does petrochina care what NEP does? i am sure they would be bummed if they ran their company into the ground, heck, maybe it give them a chance to buy them outright, but i am not buying that argument at all. Didn't Apple and Nike advertise on CCME busses?

question: when a chinese company lists on an american exchange, can local chinese investors buy in? Curious of there are any hedge funds in China that are buying NEP.

[Shinisaurus]

The Petrochina affiliation means nothing in regards to legitimacy. Petrochina is involved in nearly everything industry wide. Therefore if a company has even a fraction of real operations they will likely be involved with Petrochina. On current deals I'm working on, I'm frequently seeing Petrochina/other major oil names popping up in deals with fraud.