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FUQI INTERNATIONAL Message Board

  • jkins999 jkins999 Jan 5, 2013 4:57 PM Flag

    Latest developments

    "After Fuqi’s auditor discovered these cash transfers, Fuqi was unable to determine the accuracy of the receiving companies’ addresses or whether the companies had any business operations. Id.
    In the Press Release, Fuqi told its investors that these transfers had been short-term transactions and that all funds had been transferred back into the company."

    Quote from a report published today related to another case against Fuqi brought forward by "Michael Patrick Kelly". The case was dismissed.

    It seems the judge is quite understanding of Fuqi's perspective.

    Sentiment: Hold

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

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