If this artikel is real - You can't trust nobody anymore
How this is possible that a virtual company can do all those activities during the last 5 years without anybody saw that there is fraude. How companies are checked? Even some months ago analist indicates that books are checked in detail by independent accounting groups and nobody saw any fraude. Also after the number of companies which are pulled out due to fraude after each Chinese smallcap company was checked in detail, they survived.
I was long on LPH and just increased my capital in it due to all the very positive artikels of the last days. Some douzends of dollars lost ... I got already NEP, FEED, NWD, HQS, TBET and some others... today I pull out all my Chinese companies ... (except the ones on the pink markets as capital became to low and the ones which are blocked)
It is not true to say that no one spotted the fraud. There were plenty of people here and elsewhere that pointed out many red flags before today, but these were drowned out by a network of what appears to be paid pumpers that I hope the SEC will be investigating.