Replies to post #2035 on China Trading Stocks

[RealDutch]

So RINO and CCME were not violating anything then?

How about all the others? They were all delisted because they failed to report earnings on time, amongst other things. They are all on the pink sheets now. Perhaps it's a simpe matter of whether the company cares since most plan to go private. Or they don't know what they're doing.

This is still a big mystery to me. Anyway, I've sent SCEI an e-mail and let's see what they have to say.

[RealDutch]

SCEI shareholders have already been screwed beyond recognition by NASDAQ. They were current with their filings but NASDAQ asked for additional information when SCEI was forced to shut down one of their plants. At that point it, while being halted, it was impossible for them to report earnings. Because even your grandmother would have been able to file a class action lawsuit should the stock get delisted (and drop 60%). Then, Nasdaq used it against them.

Now you're telling me that the market makers decide which one is pink and which one is grey, effectively which one is more likely a fraud and which one is less likely a fraud. This is getting better and better.