Why do they allow chinese companies to trade in the US? I dont get it
Who is going to protect American investors if they allow chinese companies to trade in the US? Its a no-lose situation for them there in my opinion, as they can run a legit biz or a complete scam or anything in between, and they have nothing to lose, no accountability, no law enforcement officials on them to catch 'em.
so why even allow chinese co.s to trade in US? I dont get it
If you ran an exchange and received income from new listings whose paperwork complied with your and the SEC's requirements, wouldn't you take the money? (Enron for crying out loud?)
The fact that the true company accounts of Chinese Businesses are a Chinese "state secret" is really your responsibility to discover. You might ask yourself why this is so, so that you can then better #$%$ the risk attached to your capital.
If your DD discovered that the management of a business are beyond sanctions for fiduciary criminality in the USA, perhaps you might avoid a stock like this.
This is Wall St. not Sesame St.
Stop expecting the government to protect you from yourself.
I email senator casey, along with our senators. Casey replied back that it is important to have good relations with the chinese. he didn answer my questions regarding LPH. due to litigation. Chinese should realize the old saying, fool me once shame on you, fool me twice shame on me. I for one adjusted the stock screeners to eliminate chinese companies. they screwed themselves.
You being foolish. All this LPH gibberish has been a masterpiece of misdirection: a collection of facts (along with some errors) that have absolutely nothing to do with the reality that LPH is a real business operation and it has been on the receiving end of a collaborative "short attack" effort.