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Your thesis that all RTO's are frauds is ridiculous! THERE IS NO WAY THEY ARE ALL FRAUDS!!!
Bottom line Given the external perception issues facing the china RTO space what competent management team/board would have these filing irregularities and suspect board members? Most teams would have dealt with this months ago. Its a cover up.
Yeah NEWN has been doing that....
FUQI, CSKI, Rino, HQS, CAGC, CCME, to name a few. This space has more fraud than the SIVs of the 2008 era. The senate banking committee should be going nuts.