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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (39212)	9/10/2010 9:34:50 AM
From: E_K_S	Read Replies (2) of 78746

Re: Gulf Resources, Inc. (GFRE) 8:10AM On the Wires : Gulf Resources (GFRE) announced that it has engaged Deloitte Touche Tohmatsu to perform an independent assessment over the Company's internal controls... finance.yahoo.com From the article:"...The objective of Deloitte's engagement is to assist the Company with an independent assessment of the managerial, operational and internal controls of the Company. The independent assessment will cover the areas of the Company's Corporate Controls, Anti-Fraud Program, Financial Reporting and Disclosure Controls. In addition, Deloitte will provide suggested recommendations to improve any internal control weaknesses if identified....". ==================================================================== This might just be a company PR thing as a result of the recent Barron's article on Chinese reverse mergers (8/30/2010). Better hope it's not a company specific thing w/ more allegations to follow. EKS

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