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S-chips like rubbish and shit now!
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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.
warrenbegger ( Date: 31-May-2011 23:26) Posted:
This is the lastest about S-cheat on 15 May 2011. Pls read more if u still playing with S-cheat, just for your own good :)
There are still many S-cheat out there, is either U play them or U play by them, go find out more yourself before U kanna burn :)
Chinese stock scams are the latest U.S. import
http://sg.finance.yahoo.com/news/Chinese-stock-scams-latest-U-rsg-3640837820.html?x=0
Pump and dump scheme. Finance chief resigned. A member firm of the " Big Four" accounting company's global network, severed ties to the company. Investors chase the next hot Chinese stock -- only to find themselves victims of scams. Many of the questionable Chinese companies gain access to U.S. capital markets through a back door. Of the more than 600 companies that obtained entry to U.S. exchanges this way between January 2007 and March 2010, a total of 159 were from the China region, according to the Public Company Accounting Oversight Board (PCAOB). While many are legitimate, some turn out to be outright pump-and-dump schemes and other scams. This has taken U.S. exchanges by surprise. NYSE and Nasdaq have delisted several companies and have a veritable " skid row" of more than a dozen firms that have been halted for weeks or months pending requests for information about accounting problems and late regulatory filings. " You see these Chinese companies that have these great numbers, they never miss a quarter of earnings. They are always right on. Their expenses are low. Their growth is tremendous, regardless of the economy. So you go, 'Hmm, this doesn't make sense'," said Left. Efforts to inspect Chinese auditing firms have met resistance from Chinese authorities, but Doty told Reuters this week he expected progress this year, in part because the various problems with Chinese firms had shown authorities in Beijing the importance of credible auditing. " I'm afraid for my personal safety in some areas of China," Qin said. He told Reuters that some companies colluded with employees at major Chinese state-owned multinational banks to provide false bank statements, though he would not specify which ones. " Just because it is China doesn't mean it is a path to riches," Left said. |
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a bunch of robbers. robbed away the international shareholders' money
http://nextinsight.net/index.php/story-archive-mainmenu-60/912-2011/3971-shame-on-china-milk-management
I read this cause some1 pointed this out in the forum and thought its good to post here to further add to the point of the dangers in S-chips.
To those who have vested heavily in S-chips and now licking their wounds cause the counters have either suspended (CGX, HX, HW etc.) or halted or whatever, my advice is really look at other counters..With so many of these news coming out so fast and quickly, (the power of the Internet!) people need and should be smarter in their investments or trading.
Thats all ! good luck folks.
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.
warrenbegger ( Date: 31-May-2011 23:26) Posted:
This is the lastest about S-cheat on 15 May 2011. Pls read more if u still playing with S-cheat, just for your own good :)
There are still many S-cheat out there, is either U play them or U play by them, go find out more yourself before U kanna burn :)
Chinese stock scams are the latest U.S. import
http://sg.finance.yahoo.com/news/Chinese-stock-scams-latest-U-rsg-3640837820.html?x=0
Pump and dump scheme. Finance chief resigned. A member firm of the " Big Four" accounting company's global network, severed ties to the company. Investors chase the next hot Chinese stock -- only to find themselves victims of scams. Many of the questionable Chinese companies gain access to U.S. capital markets through a back door. Of the more than 600 companies that obtained entry to U.S. exchanges this way between January 2007 and March 2010, a total of 159 were from the China region, according to the Public Company Accounting Oversight Board (PCAOB). While many are legitimate, some turn out to be outright pump-and-dump schemes and other scams. This has taken U.S. exchanges by surprise. NYSE and Nasdaq have delisted several companies and have a veritable " skid row" of more than a dozen firms that have been halted for weeks or months pending requests for information about accounting problems and late regulatory filings. " You see these Chinese companies that have these great numbers, they never miss a quarter of earnings. They are always right on. Their expenses are low. Their growth is tremendous, regardless of the economy. So you go, 'Hmm, this doesn't make sense'," said Left. Efforts to inspect Chinese auditing firms have met resistance from Chinese authorities, but Doty told Reuters this week he expected progress this year, in part because the various problems with Chinese firms had shown authorities in Beijing the importance of credible auditing. " I'm afraid for my personal safety in some areas of China," Qin said. He told Reuters that some companies colluded with employees at major Chinese state-owned multinational banks to provide false bank statements, though he would not specify which ones. " Just because it is China doesn't mean it is a path to riches," Left said. |
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so funny!!!
Pui!!! I dont love her anymore! Dont know why she so naughty, always like to play with sai. Play and get herself whole boby sai liao still not enough, still want to anyhow encourage others to load sai stock. This kind of forumer must lock inside mental hospital.
Maybe my love cannot change a ah siao mindset, so no choice had to let her go...
To me, she just a eat sai fish or long kang fish la.
May sai be with her...
medivh ( Date: 09-Jun-2011 17:04) Posted:
no sweat.. just digging some earth worms only..
I know you still love her (or him.. or watever)
warrenbegger ( Date: 08-Jun-2011 23:09) Posted:
Thanks medivh for digging. I dont know Hulumas anyhow recommend rubbish so long time ago to others, and till now she still a eat sai fish thats anyhow recommend rubbish again. Zzzzz
Ha ha ha :)
I confirm she is a ah siao liao, LOL!! |
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Free recommendations. . . . . What can you expect from me? always recommend GEM for you? Ha. ha. . ha. . .
medivh ( Date: 09-Jun-2011 17:04) Posted:
no sweat.. just digging some earth worms only..
I know you still love her (or him.. or watever)
warrenbegger ( Date: 08-Jun-2011 23:09) Posted:
Thanks medivh for digging. I dont know Hulumas anyhow recommend rubbish so long time ago to others, and till now she still a eat sai fish thats anyhow recommend rubbish again. Zzzzz
Ha ha ha :)
I confirm she is a ah siao liao, LOL!! |
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no sweat.. just digging some earth worms only..
I know you still love her (or him.. or watever)
warrenbegger ( Date: 08-Jun-2011 23:09) Posted:
Thanks medivh for digging. I dont know Hulumas anyhow recommend rubbish so long time ago to others, and till now she still a eat sai fish thats anyhow recommend rubbish again. Zzzzz
Ha ha ha :)
I confirm she is a ah siao liao, LOL!!!
medivh ( Date: 08-Jun-2011 21:06) Posted:
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Rich old man can only sit but cannot stand, hahaha
yummygd ( Date: 09-Jun-2011 11:58) Posted:
haha wrong!!AlL MEI MEI LOVE RICH OLD MAN
AnthonyTan ( Date: 09-Jun-2011 11:50) Posted:
It's really matter tremendously bec china mei mei
love rich old man, hahaha
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haha wrong!!AlL MEI MEI LOVE RICH OLD MAN
AnthonyTan ( Date: 09-Jun-2011 11:50) Posted:
It's really matter tremendously bec china mei mei
love rich old man, hahaha
Hulumas ( Date: 09-Jun-2011 11:32) Posted:
| SHE or HE does not matter, as it makes no different to your pocket money |
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10q v v much. This is oso 1 of my strategy.
Hulumas ( Date: 09-Jun-2011 11:34) Posted:
Remember: make more money and make more % holding of that particular share!
AnthonyTan ( Date: 09-Jun-2011 10:16) Posted:
Whether u speculate or invest in stock, the ultimate
end result is trying to make money. |
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It's really matter tremendously bec china mei mei
love rich old man, hahaha
Hulumas ( Date: 09-Jun-2011 11:32) Posted:
SHE or HE does not matter, as it makes no different to your pocket money!
yummygd ( Date: 09-Jun-2011 11:26) Posted:
| SHE IS A HE haha for e last time Hulumas is a man. a old rich man. |
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Remember: make more money and make more % holding of that particular share!
AnthonyTan ( Date: 09-Jun-2011 10:16) Posted:
Whether u speculate or invest in stock, the ultimate
end result is trying to make money. |
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SHE or HE does not matter, as it makes no different to your pocket money!
yummygd ( Date: 09-Jun-2011 11:26) Posted:
| SHE IS A HE haha for e last time Hulumas is a man. a old rich man. |
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Risk is what you all think, but Reward is what I think! That is made the big difference! Losser and Winner respectively, am I right?
catalyst ( Date: 09-Jun-2011 11:23) Posted:
Maybe Humulas is looking forward for delayed gratification i.e. > 10yrs. Too long.
Not for small timers like most of here. And most of her picks are super risky, it's beyond my understanding.
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SHE IS A HE haha for e last time Hulumas is a man. a old rich man.
Maybe Humulas is looking forward for delayed gratification i.e. > 10yrs. Too long.
Not for small timers like most of here. And most of her picks are super risky, it's beyond my understanding.
Whether u speculate or invest in stock, the ultimate
end result is trying to make money.
Had earnessly asked for it for the sake of helping and enlighten the blur forumers here, see how eager he is to share with us.
Or is he a rich who holds on to his wealth and just like to show the wealth kind.
Hulumas, yr interest and investment in s-chips stock,
I'm indeed very curious to know yr investment whether
paper gain/loss. If it's the former, kindly give some tips
and recommendation. Cheers
