Replies to post #720 on ResourceTec Corp (RREE)

[beachsideeddy2]

Ollquist is just an old hand at fraud. Very simple, isn't it? HAHAHHAHA

[Huggy Bear]

British Virgin islands are a scam haven I agree. Look how many US listed China proven fraud stocks had their incorporations there.

[Cassandra]

Orient Paper's best and funniest defense against fraud allegations:

From what I have seen so far, ONP clearly sounds like a total scam going public only for the purpose of raising money. It went public with a shady reverse merger and questionable VIE legal structure.

http://seekingalpha.com/instablog/752908-chris-wu/109318-orient-paper-s-best-and-funnies-defense-against-fraud-allegations

Nils Ollquist founded Orient Packaging Holdings and took it public under the name of Orient Paper, Inc. (ONP) through a reverse merger with Nevada corporation Carlateral, Inc. in January 2008.

Like ONP, BRNE seems to have gone public through a reverse merger with Nevada corporation Aventura Resorts, Inc. only for the purpose of raising money and enriching insiders.

Although Borneo Resources Investments, Inc. claims it headquarters is what turns out to be a virtual office in Bothell, WA, it's real HQ is in Hong Kong where Nils Ollquist, Carlo Muaja and the only physical office are located. BRNE CFO Scott Chakin is a holdover from Aventura, which was based in Bellevue, WA.

Orient Paper: Key Pieces of Evidence for Fraud:
http://seekingalpha.com/article/214639-orient-paper-key-pieces-of-evidence-for-fraud

Muddy Waters: Be wary of Hong Kong listed Chinese companies:
http://money.cnn.com/2012/04/03/markets/muddy-waters-hong-kong/index.htm?iid=EL

How Muddy Waters spots fraud in China:
http://money.cnn.com/2012/05/02/markets/muddy-waters-carson-block/index.htm