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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (39222)9/10/2010 9:59:58 AM
From: Spekulatius  Read Replies (1) | Respond to of 78748
 
re 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...<<

Why don't they just choose them as an auditor? Even if Deloitte Touche finds that the controls are OK (a big if) it still does not necessarily mean they numbers add up, it just means they seam to follow procedures.

Still, this is a good step, imo.



To: E_K_S who wrote (39222)9/10/2010 3:12:44 PM
From: Madharry  Read Replies (1) | Respond to of 78748
 
apparently their auditor also audited another company who has been mentioned as having questionable accounting. i guess GFRE us trying to provide indepedent verification that they are clean.

I sold out my rimm position at a loss after hearing a report that some major firms are allowing their employees to use iphones and google based systems instead of blackberrys.

I had previously sold my cvs position at a loss too. i dont do well in trading markets.


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