Replies to post #92586 on China Growth Stocks

[Rames]

Chinese RTOs failure rate is very high, and as the subject of this board is "China Growth Stocks," which are mostly small caps and RTOs and not KH, BIDU, SINA etc., you can't blame the board for this...

Here is some data to illustrate this:

There were 89 classic reverse merger stocks listed on senior exchanges in 2010. Using a strict definition, not counting names like CCME or BSPM.

89 - Chinese RTOs listed on NYSE/NASDAQ in 2010
30 - Chinese RTOs are delisted already
16 - Chinese RTOs are facing delisting within the next 6-9 months
8 - Chinese RTOs trading on AMEX below $1 for at least 6 months
--
35 - Remaining Chinese RTOs
6 - Chinese RTOs have completed a going private deal
4 - Chinese RTOs have announced a going private proposal
--
25 - Remaining Chinese RTOs
3 - Chinese RTOs completed a reverse split to dodge delisting

And here are the remaining 22 names, less than one quarter of the original number of 89:

ALN American Lorain
CAAS China Automotive Systems
CBPO China Biologic Products
CGA China Green Agriculture
CHLN China Housing & Land Dev
CMFO China Marine Food
COGO Cogo Group
CREG China Recycling Energy
CXDC China XD Plastics
GSI General Steel Holdings
GURE Gulf Resources
KGJI Kingold Jewelry
KNDI Kandi Technologies
LPH Longwei Petroleum
ONP Orient Paper
SCOK SinoCoking Coal
SKBI Skystar Bio-Pharmaceutical
SORL SORL Auto Parts
SPU SkyPeople Fruit Juice
SYUT Synutra International
TSTC Telestone Technologies
YONG Yongye International