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China Green Agriculture, Inc. Message Board

  • valueseeker890 valueseeker890 Jan 11, 2011 12:20 PM Flag

    It would be so easy to refute allegations

    All CGA has do do is post the original documents that prove that they paid the VAT, income tax, and to whom they paid the additional money for the land purchase.

    It has been 3 months, and nothing.

    They got caught, and they have really nothing OF SUBSTANCE to say to disprove the allegations.
    In the interview the CEO just talks general bla-bla, nothing to disprove the allegations.

    Why did their IR firm quit?
    Because they could not get any answers.

    Then there are these photos that are shocking:

    http://seekingalpha.com/instablog/752908-chris-wu/102205-photos-of-china-green-agriculture-s-facilities-myth-vs-reality

    Then there is the analyst downgrade to sell, target $6.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Try something smarter rather than that the company/CGA would allow you go to their production places to freely take such photos against the company. Is it common sense?

    • interesting name, valueseeker - for the poster of this topic -- in this case, a stock with massive value at a deep discount due to the bear attack...

      so why bash vs buy as a value seeker?

      • 1 Reply to acorisk
      • You know what often gets overlooked? The intrinsic value Enron had. Now we all know that their accounting practices were a little on the gray side, but it was politics that brought them down (well and the legal system and stuff). But some people laughed at my dad for buying Enron and I think that's kind of mean to say the least. They had a functioning company and they could have made lots of money. Same exact story with AIG. Lots of intrinsic value. I lost 10k on that one, but they are still running and I'm going to let my $300 or so worth of stock rise. It might take 30 years, but I'll get my money back.

        So I see some similarities here. Like we have some sort of kooky accounting, no response from management, a lawsuit or two... but underneath all this they make money. And the only thing that could stop them is going to jail or getting delisted or restating earnings as 8 million instead of 41 or if people decide their product really is just "snake oil".

 
CGA
2.16-0.05(-2.26%)Oct 24 4:01 PMEDT

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