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China Medical Technologies Inc. Message Board

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  • madmonsoon2000 madmonsoon2000 Feb 26, 2007 12:35 PM Flag

    KPMG, being both judge and jury?

    Its all legal but when you are dealing with a new kid in the block, you verify with extra scrutiny. The temptation is there always to make things look good.If you read carefully the annual report, the past and projected numbers do not add up.
    HIFU business has been going down hill for quite a while! GE is slowly getting out of the picture. CMED is selling ECLIA analyzer but not kits brcause hospitals are buying from other vendors. Its all in their annual report! Kits are the real money maker! If the trend continues, CMED will have real trouble in short time! FISH is so far away that nobody knows how the integration will go.
    GOOD LUCK!

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