Glg Life Tech Corp V.GLG.H

Alternate Symbol(s): GLGLF

Consumer Defensive Packaged Foods

GLG Life Tech Corporation is a Canada-based supplier of high-purity zero calorie natural sweeteners including stevia and monk fruit extracts used in food, beverages, and dietary supplements. The Company's vertically integrated operations cover each step in the stevia and monk fruit supply chains including non-GMO seed and seedling breeding, natural propagation, growth and harvest, proprietary extraction and refining, marketing and distribution of the finished products. Its Naturals+ product line enables it to supply a host of complementary ingredients sourced through its supplier network in China. The Company’s segment is Natural Sweeteners Products, which is engaged in the manufacturing and sales of a refined form of stevia and monk fruit and has operations in China and North America. Its products include stevia, monk fruit, and REB M GOLD. Its stevia ingredient portfolio includes Organipure, BlendSure, Rebpure and Rebsweet. Its monk fruit sweeteners include monk Sweet and MONK GOLD.

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Glg Life Tech Corp

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Comment by bendergardenon Jun 04, 2011 7:53am

261 Views

Post# 18671114

RE: RE: RE: RE: A word of caution...

Actually, from a valuation standpoint, Sinoforest was much cheaper than our timber listings before the current issue.

But the Sinoforest drama isn't a standalone event, it's the lastest in a now quite lengthy pattern of blowups. Baby, bathwater or both, it's all going out.

My point is that I don't think the China situation has bottomed yet. Now might be a decent time to start thinking about GLG, but it may also get a lot cheaper. If I start buying, I will probably break the buys up, with a slant to lower targets, to avoid a falling knife.

As for penalties for fraud in China, most of the companies either aren't listed in China, or have dual listings. They run as legit, albeit much smaller or different businesses in China, with proper accounting. That is the key point: they run legit in China. The fraud occurs when they report false or exagerated numbers to western exchanges. It is not a crime in China to scam western investors on western exchanges. That is outside the scope of Chinese laws or concerns. That is why your small summary of Chinese fraud laws is actually quite irrelevant.

If Sino Forest can actually manage to defend themselves, that would greatly help. If they lose, it will be a huge takedown, and all eyes will be on the next target of either Citron or Muddy Waters. There will be many, and the situation will keep spiralling down.

Obviously it would save a lot of grief in the short term if SinoForest can fend them off. anq2n

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