It is not a Chinese company. It is a Nevada corporation and audited by a US CPA firm, Kabani & Company Inc. headquartered in LA. Not a top-tier firm but certainly firmly in the control of the PBOAC and the SEC.
What is the alleged fraud? The company has been in existence since 1995. It has a few old shareholder suits outstanding but there has been no reserve for losses as management asserts the suits are without merit. Under GAAP, the auditor has to concur with this assessment to a material extent.
It is in the most basic business possible, coal mining. The only known possible fraud with a company in this industry is to misstate reserves but that is so dialed-in today, it is a slight risk.. The mining industry is not even subject to cyclical risk.
You really are hurting people by yelling Chinese fraud at every turn. The Chinese do not really understand the issue and do not get serious about the issue when you scream fraud for a company that has nothing to do with them. They really cannot differentiate. It is either all or nothing. You are not only hurting shareholders, in fact stealing from them if you are short, but you are doing a grave disservice to many poor and humble Chinese. Please stop. Could you just give the country a chance?