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China Integrated Energy, Inc. Message Board

  • waldoa@aol.com waldoa Mar 14, 2013 12:34 PM Flag

    re: Audit update!!!!

    My due diligence sources suggest audit fieldwork is underway now that new post-merger parent of auditor Sherb & Company has been re-engaged as auditor. I hope this is true and that it will reaqch a relatively favorable and speedy conclusion and that we will have a 2013 Shareholders Meeting later this year with audited 2010, 2011, and 2012 financials and settlement of consolidated shareholders class action lawsuit.

    Sentiment: Strong Buy

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    • There will be no audit, they completed their investigation a year ago with no results, we the shareholders are screwed. This Chinese junk sank over a year ago.

    • Not sure who your "sources" are... but I emailed Kent yesterday asking about the audit, and this is his response. Definitely hasn't even started yet:

      CC: yan.li@cbeh.net.cn
      Subject: 答复: 答复: Investor Questions
      Date: Thu, 14 Mar 2013 09:36:46 +0800

      Hi, David. I understand your concern. The audit fieldwork has not started yet. The progress of the audit is under the control of our auditor but we are working closely with them. The management has been pursuing them on this matter. We really hope we can kick start the audit fieldwork by the end of this month.

      If we got anything new, we will keep you posted. Thank you.

      Regards,
      Kent.

      Sentiment: Hold

 
CBEH.PK
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