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

To: Mr.Gogo who wrote (42426)	4/26/2011 5:59:18 PM
From: Madharry	Read Replies (1) \| Respond to of 78525

Perhaps I am deluded but the report to me is not as clear cut as it is to you. i have been wrong before but I am not so quick to believe that Fidelity, Brean Murray, the multiple CPA firms who looked at the financial books and other data, are all misguided and someone I never heard of has come up with all these " facts". Not to mention that GFRE has been working hand in hand with the chinese govt to develop more bromine sources, and I doubt they want to end up with egg on their faces. Having said that I certainly am not willing to put any more into this. As it is I will take a huge hit if it turns out to be the fraud thats implied. I certainly would like to see them buy back at least 5 million shares at this price though . As far as their being no legal redress for investors if in fact is a fraud I think that is a very questionable statement to make. If the $68 million isnt there the CPAs will be sued up the wazoo. if the company has knowingly overpaid for assets owned by management that will be legallay addressed by the chinese govt one way or the other. Since this statement is very questionable in of itself it makes me wonder how many other questionable statements are contained in this report. The analyst from Bream Murray also visited each of the factories. Clearly he was not aware of production variances from those report in the financials. I just think if the fraud was so clear cut , the ceo would be in brazil by now.