Jade was one of the first Chinese stocks we bought. I don't know all the technical jargon, but i know that for many years, you could see the value being syphoned off. Over probably the last ten years we have invested in at least four Chinese stocks. In each case either the financials were misrepresented and/or the company was only a shell to trap investors. I just want to give a word of caution. Financials, headquarters pictures, press releases can all be faked....... I sold out of Jade about three years ago, but i would always check back with the message boards. It was just a strange fascination. I am sorry for everyone/anyone that lost in this investment, but i would caution against thinking this is a one time event. In our experience this is the norm rather than the exception.