The FACT that Longwei even filed the lawsuit, regardless of its eventual outcome, absolutely proves that the company refuted the allegations. As another poster pointed out, yesterday, a slew of Chinese companies have opted out of listing on any U.S. exchange. If Longwei decided it was better to withdraw than expensively wrangle with a bunch of offshore zealots, that is a sound business decision... not some "smoking gun" that confirms guilt in any matter in any way.
I have never stated that Longwei is not guilty of wrongdoing. I have said that it has yet to be proven. And Chinese Law, as I understand it in a very limited way, can be far more harsh on such crimes and criminals than the "country club" campus facilities that white collar criminals lounge around in here in the U.S. for similar offenses... which are MANY. Crime knows no sovereign boundaries.
If it is proven that Longwei conducted fraudulent activities then I will simply move on and look for value elsewhere. I am not invested here at this time. But I am not prepared to simply walk away from a potentially lucrative investment because some clown on a blog may have some agenda and has decided to trash a company for some as yet unrevealed reason.
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