New comers to OINK seem to forget that this is pig farming in China. It's like selling wine in France, Beer in Germany, and so on.
There is a company, they do sell an actual product. Although the product is not high tech, not cutting edge things that can faulter based on consumer whimsy, but pork, the meat of CHINA. The population and wealth growth alone makes this market unsatiable!
Unfortaunately for traders, the folks running OINK are still in pig farm management mentality. While traders shoot back and forth about how to raise this stock's price by doing buy back, dividends, insider trading, the managment at OINK has their own solution that is rather novel in the world of Wall Street - Sell more Pigs at higher prices.
Although it seems insane, this strategy just might work. However it may take a few years to get there. Rome wasn't built in a day but I bet it was short-sold everyday.
I tried to find their Chinese language web page. Doesn't seem to be one. I entered their Chinese name on Baidu, nothing turns up except their IPO news by a company called Fulcan?.
There is a Tianli in Canton province,not the same company. There is a Tianli in Wuhan,its an electric equipment company.
Has there been any site visit ? There photos don't proof much. None of the front gate photos showed any human being in it. Not even a security guard at the gate. And the gates appear locked.
I am suspicious at this time.
There is risk of fraud in any company! However Chinese small caps have been the stars of fruad for the past year or so.
That said, OINK seems to be an exception. They are not a reverse merger. They went through the process of being listed the old fashioned way.
They've had two auditors who both agree that the company's books are OK. See previous posts for the history.
Also review Stampede Capital's write up on the company (again see previous posts). Very useful.
Basically, to the original OP, is there really anything anyone could write on a yahoo board that would lead to any conclusions either way?
I can tell you I think the risk of fraud is really low - given the size and location of the country, about as low a risk as you can get. But you don't know me, or have any idea what I'd be basing that on. As mtjacobs said, it's a risk with any company. Even KO.
Take a look for yourself and make your own determination.