China Biotics Inc (NASDAQOTH:CHBT.DL)

CAPS Rating: No stars

The Company is engaged in the research, development, production, marketing and distribution of probiotics products, which contains live microbial food supplements which beneficially affect the host by improving its intestinal microbial balance.

Recs

4
Player Avatar AsimovRobot (100.00) Submitted: 7/5/2011 2:40:11 PM : Underperform Start Price: $1.49 CHBT.DL Score: -42.68

Back for another re-up on this sweet scam. Pitch from last closed pick on CHBT copied below:

"Shorted this around $11.50 in November in my "play money" account and got a little burned as a result of the aggressive public relations done to attack the credibility of its critics and the dog and pony shows staged to impress some naive seeking alpha contributors. It is just a matter of time and the price will reflect that this company is guilty of fraudulent misrepresentation of its key metrics and the entire nature of its business.

Toughest question for CHBT to answer from my perspective: When the question of identifying the claimed number of stores arose, the response was that close to 100 had recently been closed. How does one do that with no reduction in reported headcount or revenue?"

Not as hard to jump on CHBT now as the auditor has resigned and CHBT is not being very aggressive at all in its efforts to defend itself. This won't be around too much longer.

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