Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (40789)	12/23/2010 11:13:38 AM
From: Paul Senior	Respond to of 78688

Nice article. Thanks for posting.

To: Spekulatius who wrote (40789)	12/23/2010 6:04:02 PM
From: Madharry	Read Replies (2) \| Respond to of 78688

I bailed out of llen with a much smaller profit than i had before greenberg pointed out past securities violations by management on strategy sesssion. the final straw was the kabani certification letter attached to the fiscal '09 financial statements which contained enough cautionary comments to make me realize that the numbers from china could be anything and the auditors would be off the hook. that coupled with principals less than sterling reputation was enough to get me scurrying for cover. The company could turn out to be great or a fraud I have no idea and here I choose not to stick around. Prior to selling I called investor relations but a couple of days later and they have not returned my call about the accounting. Just one more case where I failed to do enough due dilligence. I didnt read the accountants letter carefully and i didnt google the major players in the company. Fortunately it didnt cost me this time.