There isn't a single agency that has actually walked the walk and been on the ground researching ZHONGPIN's claims other than CER.
The other agencies basis is records and reports by the company itself. None of those clowns have left and armchair to find out what is what. They're all armchair BS artists too effete and too removed to validate what they're being told. We've yet to hear of the outcome of the SEC visitation to Hong Kong of the 11-12 july time frame.
For all the problems they have, including nameless blogging, you really need CER's report to find they went to look for retail stores and found a hundred, not thousand. They went to hog suppliers and found 10% of the the buying volume.
How this company can do that, essentially brag in its SEC disclosures has to do with the communist mindset, a Communist commonplace occurrence--I can remember the five year plans and how successful the Soviets said they were doing, right up until they went belly up country wide in 1990.
You guys are putting your money in a faithless scenario, in which the Chinese are the new Japanese of 1980's, climbing out of the stone age. Thinking there isn't fraud out there in reverse merger land, you got to be kidding.
EVERY single reverse merger has been filled with BS.
EVERY ONE. I can't find any that are legit.
HOGS is real, but at 10% the level reported.
And where are those $177M in cash it collected from the public offering?
I'll take a Swiss bank account from anybody. I just want to know where it disappeared to.
If these guys were betting on the come, they made a terrible mistake, innocent or not.
And this stock is a penny stock.
I had 26000 shares and walked away a few thousand to the bad, and consider myself lucky.
deadmeat has it right here, if you don't know and you really can't know if they are lying or not then maybe you can trust management......up until the point you catch them lying. THEN IT IS SELL SELL SELL and don't look back. Look at FEED, SUTR too. Reverse merger stocks are all a scam to one degree or another.
funny old world. cer walked the ground interviewed people, sounds like good detective work, but why? hogs is a micro cap company. except for those who follow it, it is not a hot topic, it is not something the general public pays attention to. why would anyone spend all the money and energy investigating a company like hogs? if i'm running a self respecting news organization, this would be a totally waste of time, i'll have something better to do...unless of course i have a vested interest.
<cer walked the ground interviewed people, sounds like good detective >
come on now, good detective? Very incomplete at best, They rode around on motorbikes in five cities, how many days did they ride?, how many rode?, How much in resources did they devote to this? They don't say. Why not? Did they do a grid type map search or did they just ride around at random? They don't say. Why not? What about the 15 other very large cities? Why ignore those? Not enough resources? This report was done for very obvious reasons, and one of those was not to try and win an award for journalism excellence.