China Fire & Security Group, Inc. (CFSG)

GAME05 (88.82) Submitted: 3/11/08 11:07 AM

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Check the disclosure

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RegLeCrisp (81.81) Submitted: 3/11/08 11:28 AM

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Incredibly exhaustive report, disclosure aside. Investors should generally be happy there is a site like Sharesleuth. I can't think of anything else that encourages regualtory transparency as effectivley as pure, white-knuckle fear. Cuban's earnings will finance a few court-side outbursts.

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RegLeCrisp (81.81) Submitted: 3/11/08 11:34 AM

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Just gave it a thumbs up. Should be easy money. Unless...

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EverydayInvestor (99.99) Submitted: 3/11/08 2:30 PM

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BTW, Sharesleuth is owned by Mark Cuban, who employs an investigative reporter. The reporter does not own individual stocks, but Cuban usually shorts the companies researched on the site.

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goldminingXpert (99.92) Submitted: 3/12/08 10:41 PM

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thanks for the info

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FutureMonkey (51.39) Submitted: 3/13/08 9:17 AM

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I'm surprised the article failed to uncover the fourth U.S. investor group involved in the reverse merger: Genco Olive Oil, with beneficial ownership of substantial shares belonging to Micheal Corleone and his relatives (not blood relatives) Tessio and Clemenza. Should have been easy to find since it was all arranged by their lawyer Tom Hagen. --- Tongue planted firmly in cheek

Many businesses maintain shell addresses for the purpose of financial transactions without occupying those addresses without business personnel or functions. I assume the SEC is quite aware of this practice and as far as I know it is not illegal, even if it might be associated with people of questionable moral standards. Like our current Vice-President, Dick Cheney, who practically pioneered the practice while running Halliburton: "In 2001, Halliburton maintained, what the Wall Street Journal described as, "a slew of entities" in offshore tax havens. According to the Journal, "Halliburton, according to its latest annual report to shareholders filed with the Securities and Exchange Commission, has units in St. Lucia, Liechtenstein, Barbados, the Cayman Islands, Cyprus, the Netherlands Antilles and the British Virgin Islands. All are well-known tax havens with few natural resources." According the Security and Exchange Commission, while Cheney was in charge, Halliburton set up over 20 affiliates in the Cayman Islands to avoid paying US taxes. [Washington Post, 8/1/02; Wall Street Journal, 8/5/02]" Another example? How about Mitt Romney's private equity company Bain Capital maintains shell company addresses in Bermuda and the Cayman Islands for the purpose of avoiding taxes and benefiting ownership.
I wonder how well Mark Cuban's business practices stand up. Does he have any shell companies that provide him with financial benefits in his transactions? If he wants to use a "where there is smoke there is fire" approach to throwing stink on Brian Lin, I hope he can withstand the same scrutiny.
This article is nothing but shameful market manipulation for personal gain.

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TMFBent (99.98) Submitted: 3/13/08 6:16 PM

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And positive articles are?

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metoo105 (99.77) Submitted: 5/09/08 12:11 PM

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The head Roth Capital China analyst, McBean, has gone around promoting it.

His story is that the company has a favorable regulatory environment in which the Chinese regulators have woken up to the dangers of fires of the factory floor and the awareness that yuan-pinching managers might not invest in the equipment unless they are made to do so. This all sounds quite plausible to me.

Also the stuff about would Mark Cuban sponsor a website to manipulate prices downward is also quite plausible, don't you think?

Of course, the idea of hiring PI's to investigate the dirt on companies is a great idea and one that really has been a long time in coming.

I wonder why there aren't more folks doing this. For instance, why not hire PIs then use the information to report violators of the Foreign Corrupt Practices Act to the Feds, which would then result in a huge fines? This wouldn't much make a dent in a company like GE, but I can think of few thinly traded oil exploration companies that could get walloped by a Federal fine.

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