SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Spekulatius who wrote (35969)11/18/2009 6:58:27 AM
From: Madharry  Read Replies (1) of 78705
 
Those are good questions and I think one should be careful with chinese companies as well as with american companies. they all have warts. Im guessing that it may be a question of cost and access to capital markets. It seems to me like gfre management are going about things the right way. Minco gold listed in canada, and melco listed in hong kong. I dont know that the accounting for one is better than the other. As far gfre goes my guess is that they want to establish and international reputation and they plan to become a much larger company over time so they will need more access to financing. Also If I were running a company I would not want to be so dependent on being on the chinese stock exchange, if i had another choice. I speculate that the companies who want to delist because of sarbanes oxley are companies that will not be looking for financing anytime soon and frequently have a controlling shareholder.

as far as problems with unethical accounting i have been burned by that stuff with us companies many more times than i have fingers going back to the late 60s when land development companies were recording sales after getting 5% deposits.
Even now it seems that every year there is some new questionable accounting gimmick. and lets face it appointing someone from Goldman Sachs to be head of enforcement for the SEC doesnt inspire confidence that theres anyone on the ranch protecting shareholder interest.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News