Either LLEN or GEO are going down on this one. This is big time fraud one way or the other.
Also, someone who actually lives in china...
You would think they would find it first.
GEO has been right on many Chinese frauds before and they actually spent months of local resarch in China on this report - so what do you think will happen ??
Why did they do this report? What's in it for them? It wasn't out of the goodness of their black little hearts.
Still digesting but it's hard to believe ironridge, KPMG, and a ton of big institutional investing names would all have missed it.