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S-chips like rubbish and shit now!

See medivh.   need not be afraid, in the situation like this, the so called qualified Auditors/accountants is not doing their job well.

 

The most famous stock counter in the world i think is S-cheat now!!! Too much rotten apple spoil the whole garden liao!!!

http://sg.finance.yahoo.com/news/Auditors-face-suits-Chinese-rsg-2807868072.html?x=0

Auditors face suits over Chinese blowups in US

Investors who have suffered a drubbing from accounting scandals at U.S.-listed Chinese companies are starting to sue the auditors who blessed their financial statements, but it will be tough for them to win in American courts.

Shareholders already have sued a string of China-based, U.S.-listed companies for fraud, saying they lost money when stocks tanked after financial scandals emerged. They contend companies invented sham businesses, inflated revenue or gave vastly different information to U.S. and Chinese regulators.

The episodes have embarrassed auditing firms, raising questions about whether they have done enough to confirm basic numbers such as cash balances on a company's books. Plaintiffs would face difficulty in collecting on any judgments against entities which have most of their operations in China and their often have legal homes in the Cayman Islands.

SEC scrambled to warn of the risks surrounding Chinese companies that have listed in the United States through reverse mergers, though critics said the intervention was too little, too late. If the SEC, which has subpoena power and can force companies and auditors to cooperate in investigations, sues more auditors or companies, investors could benefit.

 

 

 

Now most of the days got S-shit news. Zzzzzz

Those invest in S-cheat r super commando, all not afraid to die, must salute them :)

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1134500/1/.html

SINGAPORE: The time is now ripe for Singapore to introduce strict measures that will protect the investments of retail investors in S-Chips, according to David Gerald, president and CEO of Securities Investors Association Singapore (SIAS).

 

Ya lor ! From APB , SIA and BCA ?

medivh      ( Date: 10-Jun-2011 14:43) Posted: haha.. actually not really ley, in SG we have some  monkeys also.. haven't you heard of the phrase, you pay peanuts you get monkeys.... http://www.singaporedemocrat.org/articlenkflawsuit8.html   des_khor      ( Date: 10-Jun-2011 12:11) Posted: Their accountants over qualified than our SG one as they know how to do monkey business !

 

haha.. actually not really ley, in SG we have some  monkeys also.. haven't you heard of the phrase, you pay peanuts you get monkeys....

http://www.singaporedemocrat.org/articlenkflawsuit8.html

 

des_khor      ( Date: 10-Jun-2011 12:11) Posted: Their accountants over qualified than our SG one as they know how to do monkey business !! medivh      ( Date: 10-Jun-2011 12:03) Posted: A lot of things cannot be said here .. accountants not qualified you said??? Whtever written here in black and white , whatever can be held against you in court if someone who read this forum  from China really want to sue you , they can use it as evidence... and trust me these days.. people can also " earn" money from this way..the PEN is mightier than the sword. Its really up to you to conceive from all these posting people have put here and act smartly (" ,) (," ) Even if you choose not to act smartly , the choice is still yours

 

have you so far see so many fraudilous biz case like this big wave in china. understand what you mean too

 

actual qn that i had mentioned in older posts :

Is everyone as honest as they should be? Integrity is the key word in businesses.. irony is whether people who are doing business believe in that or is it  just the S with 2 vertical lines?

Salute      ( Date: 10-Jun-2011 13:44) Posted: this is personal direct accuse. what we said here is also known. Many of these fraud companies, no matter how qualified the accountant is, is still their inablility to discover and disclose all the dirt. which didn't show the true transparency are we are the victims......different case. We kept scolding the SGX, is it going to catch us.

 

this is personal direct accuse.

what we said here is also known. Many of these fraud companies, no matter how qualified the accountant is, is still their inablility to discover and disclose all the dirt. which didn't show the true transparency are we are the victims......different case.

We kept scolding the SGX, is it going to catch us.

 

http://www.china.org.cn/english/Life/180887.htm

There are many other articles around... too lazy to go dig out. Its better for you to know what to say and also the best is not to say :)

 

AnthonyTan      ( Date: 10-Jun-2011 12:18) Posted: Waulau eh, like tat also can get sue . As long as no false specific  accussation abt someone or general postings  r ok lah. medivh      ( Date: 10-Jun-2011 12:03) Posted: A lot of things cannot be said here .. accountants not qualified you said??? Whtever written here in black and white , whatever can be held against you in court if someone who read this forum  from China really want to sue you , they can use it as evidence... and trust me these days.. people can also " earn" money from this way..the PEN is mightier than the sword. Its really up to you to conceive from all these posting people have put here and act smartly (" ,) (," ) Even if you choose not to act smartly , the choice is still yours

 

you meant the accountants too. If any of them sue us for the vent of anger over their qualification. Let's stand up for Sharejuction and sue them back for incompentancy for letting us know their limitation.

Hey, the american guys set up a company in China just to dig the dirt of those rotten companies. Why the accountancy couldn't, to protect their client and boss relationship lah.

 

Can....of course you can........you have a good chance of winning too.  BUT, you are not going to get even a cents as most companies are offshore.  

Salute      ( Date: 10-Jun-2011 12:39) Posted: can I sue them for being so qualified and made us lose money

 

US has limit the margin for buying china stocks.....let's boycott China

 

what can not be said, may be the undisclosed expenses. Why would there be such an item in accounting.

 

can I sue them for being so qualified and made us lose money

 

Will they rewards me as I give them compliment ?

des_khor      ( Date: 10-Jun-2011 12:11) Posted: Their accountants over qualified than our SG one as they know how to do monkey business !! medivh      ( Date: 10-Jun-2011 12:03) Posted: A lot of things cannot be said here .. accountants not qualified you said??? Whtever written here in black and white , whatever can be held against you in court if someone who read this forum  from China really want to sue you , they can use it as evidence... and trust me these days.. people can also " earn" money from this way..the PEN is mightier than the sword. Its really up to you to conceive from all these posting people have put here and act smartly (" ,) (," ) Even if you choose not to act smartly , the choice is still yours

 

Ya, it is more than qualified that can do wonder beyond your imagination and the unthinkable.

des_khor      ( Date: 10-Jun-2011 12:11) Posted: Their accountants over qualified than our SG one as they know how to do monkey business !! medivh      ( Date: 10-Jun-2011 12:03) Posted: A lot of things cannot be said here .. accountants not qualified you said??? Whtever written here in black and white , whatever can be held against you in court if someone who read this forum  from China really want to sue you , they can use it as evidence... and trust me these days.. people can also " earn" money from this way..the PEN is mightier than the sword. Its really up to you to conceive from all these posting people have put here and act smartly (" ,) (," ) Even if you choose not to act smartly , the choice is still yours

 

Waulau eh, like tat also can get sue .

As long as no false specific  accussation abt someone

or general postings  r ok lah.

medivh      ( Date: 10-Jun-2011 12:03) Posted: A lot of things cannot be said here .. accountants not qualified you said??? Whtever written here in black and white , whatever can be held against you in court if someone who read this forum  from China really want to sue you , they can use it as evidence... and trust me these days.. people can also " earn" money from this way..the PEN is mightier than the sword. Its really up to you to conceive from all these posting people have put here and act smartly (" ,) (," ) Even if you choose not to act smartly , the choice is still yours! niuyear      ( Date: 10-Jun-2011 11:54) Posted: China companies' accountants  not qualified?    hahaha

 

Their accountants over qualified than our SG one as they know how to do monkey business !!

medivh      ( Date: 10-Jun-2011 12:03) Posted: A lot of things cannot be said here .. accountants not qualified you said??? Whtever written here in black and white , whatever can be held against you in court if someone who read this forum  from China really want to sue you , they can use it as evidence... and trust me these days.. people can also " earn" money from this way..the PEN is mightier than the sword. Its really up to you to conceive from all these posting people have put here and act smartly (" ,) (," ) Even if you choose not to act smartly , the choice is still yours! niuyear      ( Date: 10-Jun-2011 11:54) Posted: China companies' accountants  not qualified?    hahaha

 

Just see Dapai in the bright day light ask money from shareholders and the share price drops till no tmr !

 

A lot of things cannot be said here .. accountants not qualified you said???

Whtever written here in black and white , whatever can be held against you in court if someone who read this forum  from China really want to sue you , they can use it as evidence... and trust me these days.. people can also " earn" money from this way..the PEN is mightier than the sword.

Its really up to you to conceive from all these posting people have put here and act smartly (" ,) (," ) Even if you choose not to act smartly , the choice is still yours!

niuyear      ( Date: 10-Jun-2011 11:54) Posted: China companies' accountants  not qualified?    hahaha! warrenbegger      ( Date: 10-Jun-2011 01:03) Posted: S-cheat news again! See! S-cheat (Aka, Super-Cheat) so famous now internationally world wide... Zzzzzz http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1134192/1/.html Beware of China investment risks The Wall Street Journal quoted Martin Wheatley, former chief executive of the city's Securities and Futures Commission (SFC), as saying that investors could get burned if they rush into Chinese firms without putting their books under a microscope. Worries about the accuracy of Chinese firms' books have long dogged the country and Wheatley's comments come amid heightened scrutiny of some Chinese companies, particularly those with foreign listings. The US Securities and Exchange Commission is probing accounting issues at several Chinese companies that trade on US stock exchanges, with some Chinese companies having seen their shares suspended over allegations of accounting irregularities and other improprieties.