GreenStar Agricultural Corporation V.GRE

RE:RE:RE:RE:Pucheng Facility being auctioned by court

[proinvestor91]

I wouldn't think these companies have much assets besides GRE stock which isn't worth anything.

Now I am not sure how negligence works in terms of directors and auditors
https://www.theglobeandmail.com/report-on-business/industry-news/the-law-page/ontario-court-approves-117-million-settlement-with-sino-forest-auditors/article10044252/

GRE was very easy to see they didn't conduct a real business the auditor should have easily seen this. The company had operating margins were above Facebook and Microsoft. Or making $40M of revenue on a 500K facility. Or never having a bad debt expense despite other tomoato paste companies being above 10% of receivables in China. These are very easy examples that any auditor should catch.