China Keli Electric Co Ltd V.ZKL.H

Exaggerated reporting possible

[monstapeake]

Historically, Chinese stocks have taken a beating because many have chosen to report faulty financials i.e Sino-Forest and a host of others of which the list is too lengthly to post.  Seems to be little oversight of Chinese companies so that many are able to mislead investors and just vanish into the masses with the money provided.  You never hear of China pursuing criminal charges on these manipulators.  While the details of the recent quarterly for zkl show potential, I have in the back of my mind this scenario of fraud in China.  Not saying that this company is underhanded, just that caution is advised.  Will be monitoring the action here.  gl,  Peake