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China Metro-Rural Holdings Limited Message Board

  • gilogden44 gilogden44 Sep 24, 2012 10:17 AM Flag


    The SEC especially now doesn't want to ruin rapport with China as the country has finally said it would allow "observational visits" from American audit-firm inspectors. This step towards potential joint inspections by both Chinese and US inspectors could start a bull rally among Chinese ADRs since it will restore some trust among US investors.

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    • CNR had a major US auditor. CNR did not like auditors results. Auditor resigned. Cnr sail it would replace Ernst and Young. I don't believe they have done so and it has been a long time since the time they made the announcement. So don't all of you get excited. Sell all rallies as this has proven to be the prudent course.

      Sentiment: Strong Sell

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