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Bullboard - Stock Discussion Forum Regent Ventures Ltd RGVNF

Regent Ventures Ltd is engaged in the acquisition, exploration and development of mineral resources properties.

GREY:RGVNF - Post Discussion

Regent Ventures Ltd > REV is not alone . . .
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Post by redoctober777 on Apr 26, 2011 12:01pm

REV is not alone . . .

Excerpted from "Citron Research."  Some of this description sounds eerily familiar.   Maybe REV should change from a "mining and oil & gas company" to a software company?

 Introduction

Tothink the fraud in the US listed Chinese stocks is limited to the RTOmarket is naïve.  Citron introduces a story that has all the markings ofa complete stock fraud — with off balance sheet transactions thatcreate outsized margins and management with backgrounds unsuitable torun a public company.

Themost obvious risk factor in the China space, and the factor that haslinked so many of these collapsed stocks, is obviously “the story toogood to be true”.    Which brings us to the curious case of LongtopFinancial (NYSE:LFT), a company that produces software for the bankingsector.   In this report, Citron outlines several concerns which shouldbe considered by the auditors as they prepare the company’s annualaudit.  It is the opinion of Citron that every financial statement fromits IPO to this date is fraudulent … read on to understand.

Comment by JennyB2 on Apr 29, 2011 6:40pm
...how is that big deal with the First Nations oil businesses going with that KX....? stuff?With the increases in oil prices, that just may turn out to be a real barn-burner for the REV SP!Just a small, gratis pump..you never know when a newbie might have stumbled across this fireball of a stock!
Comment by JennyB2 on May 05, 2011 10:32am
Hm?Long silence must translate from the Native Languages as..."Not well at all"?So, when is REV going to come up with a New and Improved Gold Property right next to the KOK, SD and SL-EZ hot, hot, hot gold properties in Tanzania?Seems the farther from the Regulators" one gets, the better the "opportunities" to find and mine gold.Regulators. You know? Billy The Kid, type of ...more  
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