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Fushi Copperweld, Inc. Message Board

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    • Mr. Caines wrote a chinese article and MW translated it into Enligh is a fraud.

    • That article on the local Chinese weekly paper is written in Chinese by a person called John Caines. I knew Mr. Caines only wrote that article in Chinese. My suspicion was confirmed by MW's supporting document.
      It stated that "A: Today’s Fortune Article Internal Muddy Waters Translation".
      MW translated the Chinese article written by Mr. John Caines into English.

      I told you Muddy Waters was a Chinese company. You should all know it by now. Mr. Caines is likely a Chinese. I have not heard of any of the so called investigation by Chinese authority. MW should provide evidence other than Mr. Caines wrote that.

      The article mentioned the lawsuit against FSIN in 2011. Here is the full story. FSIN has filled amended annual reports for 2007-2009 back in Mar 2011 due to the incorrect way of reporting the interest income. As the result, the diluted net income per share was reduced. However, it is still pretty high: 0.84 – 1.19 $ per share. Two law firms launched lawsuits for the amended reports and the cases were withdrawn on Sep 2011. FSIN changed auditor to KPMG and hired new CFO and internal controller in Jan 2011 or earlier (you may check the 10-K).

    • That article on the local chinese weekly paper is written in Chinese by a person called John Caines. I knew there is Mr. Caines only wrote that article in Chinese. My suspicion was confirmed by MW's supporting document.
      It stated that "A: Today’s Fortune Article Internal Muddy Waters Translation".
      MW translated the Chinese article written by Mr. John Caines into English.

      I told you Muddy Waters was a Chinese company. You should all know it by now.

    • coincidence

      Sino-Forest, Former Officers Receive 'Enforcement Notice' From Ontario Securities Commission
      By Bill Meagher
      April 10, 2012

      Canadian timber harvester Sino-Forest Corp. (SNOFF) said it received an "enforcement notice" from the Ontario Securities Commission, with what the company said were "allegations of a serious nature."

 

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