Tell that to the CESV shareholders that were in exactly the same boat as ONP. The stock was trading at 5 amd the next day it opened at .36.
I was a shareholder and I lucked out and had a stop in when it fell in the 7's.
This company is eerily similar to CESV.
There was no Mwaters warning on CESV. The SEC got a tip the company was a fraud and shut it down the next day.
Well since you brought this up-- I don't know much about this story except something from Herb Greenburg, who wrote about this in the Wall St. Journal. He said there were questions as to whether the CEO ever even existed. The company was a total fraud and had zero transparency and made nothing tangible to speak of. It is totally different from ONP. People have seen the plants, there is video-- the CEO of the company is real and has talked to both sell side investors and institutional investors, there are bios of him and the executive management team-- they just launced a new IR site to create even more tranparency, including releasing video footage of their plants-- ummm, and they're having a shareholders meeting this weekend.
ONP is very real, and has nothing to do with the story of CESV. I don't think I need to even say any more. I think people realize it is a pointless scare tactic to bring up other examples of cases of fraud that are totally unrelated to what's happening here. Keep shorting though-- Like Waldo, maybe we'll see you file a lawsuit against BDO Limited auditors when you too lose $80,000 from coverage your short.
Dude, it's obvious you haven't done any research on ONP or your one of the short and distorts. Your continuous rants and raves are making you look stupid. Stop embarressing yourself or man up and take your losses.