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To: Sultan who wrote (40796)	12/23/2010 11:47:40 PM
From: Madharry	Respond to of 78717

I dont know who authored this report it would be interesting to know. certainly if i were in position to do extensive research in china i too might be owning the shares and even buying more. There is no question in my mind but that HG has been in bed with short sellers for at least a decade, but that doesnt mean the short sellers are wrong. Also while technically the report is correct, the company is essentially based upon coal mine operations in china and from what i can garner from the guarded cpa opinion letter, the cpa performed very little audit functions on the chinese operations. Between mr. lee's finra sanctions and the quarded opinion letter accompanying the fiscal statement and the company's lack of a timely response to my question about the accounting, it was enough to scare me out. if the numbers are real its a bargain, however as someone who has been victimized by frauds in the past, i cant stay in a position where i have concerns. I'd rather be wrong ,preserve capital and miss an opportunity, than be wrong and lose capital. I would point out that this report does nothing to address my accounting concerns, which the company is supposedly addressing. three months ago they said they were going to have a report on this by december 16, yet they have issued no pr on this.