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FUQI INTERNATIONAL Message Board

  • longntrading longntrading Mar 16, 2011 11:06 PM Flag

    Delisting is imminent

    FUQI has requested for extention times after times and yet they still can't file their 10K after more than year. My guess is that they must have cooked the book so bad over the last two years to the extend that it's impossible to fix. Now if they intentionally used the made-up fraud number for that secondary offer 7M shares at $20+ back in July 2009, then the lawsuit settlement could be huge. I hope these crooks will get executed if they are found guilty of intentionally cooked up the book to steal money from honnest investors. This is the case where Chinese reverse merger companies fraud at its best. All the tricks include hiring advertisement, new fancy show room, repeatly request for extenstion to trap investors, ...
    I was fortunate to sell all my shares for a small loss back in August 2010 when FUQI did not response to my three inquiry emails about the restatement status.

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FUQI
1.500.00(0.00%)Jun 28 3:18 PMEDT

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