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Strategies & Market Trends : Greater China Junior Stocks
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To: Glenn Petersen who wrote (1907)8/8/2010 11:44:27 PM
From: Jurgis Bekepuris  Read Replies (1) of 1992
 
Absurdly idiotic article. Somehow the advisers and bankers become responsible for the fact that reverse-merged Chinese companies do not achieve results and compliance that would allow them to uplist to NASDAQ. Every single Chinese company that produced reasonable revenue growth, got a good auditor and followed compliance rules uplisted to NASDAQ. Even some of the companies with questionable accounting managed to uplist. The ones that have not uplisted have either bad business results, or bad accounting, or compliance problems, or all of these. There are only very few Chinese OTCBB companies left that can me said to have good prospects in front of them.

Their shares are stuck trading on the OTCBB or Pink Sheets, with no liquidity, steep annual listing and compliance fees, often pathetically low valuations, and no hope of ever raising additional capital.

Patently false. Almost all Chinese companies trading on OTCBB or Pink Sheets have done private placements raising additional capital. Furthermore most of them did it when THEY DID NOT NEED the said capital and were already overcapitalized. Oh, they were probably misled by evil American bankers again. Oh poor poor Chinese CEOs. They're so naive, they should be protected from themselves. Yeah, right.

The author is a scare monger obviously with his own agenda.
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