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Global-Tech Advanced Innovations Inc. Message Board

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  • fabulouspoodle fabulouspoodle Oct 17, 2011 7:05 AM Flag

    Why don't they take this POS private?

    proof, I dont think Gai is a fraud. But in the bulk of the recent China frauds, the company is real and operating...its the books that are phoney. Among other things, China companies that have been audited for years didnt have the cash that is on their books....and their auditors have stated in some cases that the companies and their banks have been in cahoots together to set up false documentation.

    Again, I doubt that happened with Gai....they've been around a long time, and are not a reverse merger, and they havent issued stock (that insiders could benefit from).

    best.

 
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