Seasaw had a little difficulty sleeping last night, and fired off a rather angry posting in which he discussed the Satyam and Enron frauds and audit failures. He asked me why I couldn't see the parallels to the ONP situation. The answer, my sleepy Seasaw, is very simple, perhaps even for someone as illogical as you. There is crystal clear evidence of the chairmen of Satyam and Enron, Ken Lay and Ramalinga Raju, respectively, profitting greatly from their frauds through huge stock sales prior to detection. There have been no comparable insider stock sales by ONP management. Greed is a powerful motivator, Seasaw, as evidenced by Enron and Satyam and several other known frauds. I am not aware of any massive frauds in which the perpetrators didn't profit from them. Let me pose two questions to you, Seasaw:
1)Please inform the board of any large frauds in which there were no insider sales in the months before detection.
2)Since the accumulation of wealth cannot be the motive for the alleged fraud at ONP, since there have been no significant sales or exorbitant salaries paid, please enlighten us with your theories as to why management has bothered to alter the financial statements.
We will eagerly await your replies after (if?) you wake up.
There have been no stock sales by ONP executives but the
new article by Chris Wu, an analyst with a Hong Kong
hedge fund, on Tianyin Pharma in which ONP is mentioned
has gone unanswered and NEEDS TO BE ANSWERED! Dr. Joe Blows
has certainly picked up on this!
Hmmmm, the price of ONP shares goes up and the fooktards come out.
There is no guy who filed the initial complaint. The Rosen Law Firm filed a breif on behalf of unknown investors who might have lost money then they went trolling for some fooktard to be the lead fooktard.
Donfang Trading Company has been cussed and discussed and explained by many many experts as well as fooktard short and distort artists and doesn't seem to be an issue.
Sure there are over the top pumpers but at least they are honest - post links - don't rely on themselves as the source of information - etc.
BTW - All the lawsuits rely on the Muddy Waters report which makes the lawsuits not worth the paper they were filed on.
Stupid post as I certainly never asked you such a dumb question but you can certainly make up a dumb question and attribute it to me. People claimed cash couldn't be faked and I brought up sat yam as one of many examples where it was and people said just rely on the auditor and I brought up enroll of many examples where fraud occurred when there was a large auditor. I never asked why anyone couldn't see parallels. Anyway, let me give you a chance to redeem yourself. Why don't you name on of the many cases where there were no significant insider sales in the months before detection? If you are too ignorant and give up, I will stoop to name one for you and another if you need me to and another if you need me too. Your second question makes a false assumption, that committing fraud for financial gain is not the motive. Try to figure out the obvious ways financial gain is the motive here and explain them. If you can't accomplish that oboe tie , please let me know and I will explain it to you again. Also, I am nolonger short the stock because the borrow is too high.