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CGA-- SELL NOW

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October 25, 2010 – Comments (2)

I am convinced this is just the beginning of a downward spiral for CGA.. I have copied my previous CAPS bearish pitch on the company:

"I'm convinced this company is a fraud. The story seems great until you dig deep into their acounting.. especially how they have treated the VAT (discrepancies with actual taxes paid). I think this is the worst 5 star caps stock out there. I have a ton of respect for the Global Gains Team at TMF, but strongly disagree on this one"

2 Comments – Post Your Own

#1) On October 25, 2010 at 6:21 PM, simplemts (< 20) wrote:

While I am not on board with the "All Chinese stocks are a scam" I myself also pulled CGA from my watch list this weekend.  I will not be a buyer of this company, ever.

 I am a holder of ONP, who has responded to fraud allegations by enlisting an independent review by Deloitte.  Bought in the Low-Mid $4s, holding still.  

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#2) On November 22, 2010 at 1:38 PM, anuragupta (80.45) wrote:

CGA now has a major auditor. Your fraud allegations are levelled without any concrete proof. Let us see how this turns out 3 years later and if it does well, I hope you look back at your comments.

 Anurag

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