RE: RE: RE: RE: RE: Hey Sharpei What I find interesting is that the SEC/PCAOB flap doesn't seem to raise concerns for many investors in Chinese small caps judging by dialog on the boards (e.g.: Sinovac and CHOP to name a few.)
It is probably because the SEC seems to be directing their investigations toward the auditors rather than expending time and manpower directing onsite investigations of physical sites.
I like both these companies; their numbers appear real meaning that they have shown lowered earnings when you might expect that that would be the case based on the economic environment at a given time.
I should have stayed in SVA. I am going to hang on to CHOP. It hit $1.06 in late Nov and today is hovering around LLEN's numbers; that's one and one half months after bottoming!
I suspect the investigations into small cap Chinese stocks will take some time...In the meantime they (SEC) are negotiating with the Chinese. It's hard to imagine coming to a meeting of the minds on this sensitive subject...two powerful entities with huge stakes each in his own position.
I'd be happy to break $2 and stay there...if that's not too much to ask...Chinese stocks gods. eh? (Anybody?)
Sharpei