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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (42429)4/26/2011 6:42:47 PM
From: Mr.Gogo1 Recommendation  Read Replies (1) of 78530
 
Madharry,

I sincerely respect your investment ways. That you can hold on to what you believe in. But with these Chinese reverse mergers there is a clear pattern of fraud. If any of these "great" companies were not frauds their CEOs would be mortgaging everything they have to buy every share that they can get. And they don't need to announce share buybacks or anything like that, they would be just doing it. I barely looked at the report. For me, the moment I saw the pattern I got rid of everything Chinese. CCME, CCCL, GFRE is what I had. It just doesn't make sense to me to hope that MY three choices are the safe ones. Maybe because I don't have enough experience in investing. I have a lot of experience in business in Eastern Europe and things there as far as mentality do not differ much from China. There is no legal system as in North America. It is all relatives friends and people with connections with the government. (remember how they covered the tax fraud in Russia) Everybody takes a cut from what is stolen. And if somebody has to go to prison he doesn't actually stay in prison, just on paper.

Good luck to you and everyone invested in those reverse mergers. I am learning a lot from this board.

Georgi
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