In China, the financial numbers for SAIC filing is not that serious. Indeed, it is for renewing the licence as long as they are doing the right business. The tax they paid is real, unfortunately, we can not see that statement from State Tax Adminsitration. Their bank statement is real too.
They mentioned that building is be remodelled for Art Traing?? I believe the remodelling is true because you can see the new painting. But not sure if the remodelling is for their own business, Did the company give the details?
Also, you can not try to pay through online on their website from USA here, error message jumping out is normal because of the firewall. I believe, their online business selling educational materials is real.
three C's of credit: ...... character, capital and capacity
think about it?
i bought 100 shares but i wouldn't more on this company right now .... i can afford to lose and i will get a good night's sleep if i do
if CEU company is for real ...... surprise .... surprise if it happens means that the following should be TOTALLY discounted:
strange corporate lineage (ABC Realty....shell North Carolina real estate company......then a very questionable Oklahoma City accounting audit (I'm being nice) beginning ...... thin float followed by a reverse split ...... revenenue recognition not passing smell test ..... accounting audit change to Sherb & Company ("cousin protected") ....... eye popping performance.....inability to document cash balances.....IF IT CEI IS A TRUE company then I have messed up royally.....I only bought 100 shares and I spotted this company about two years ago....... I own EDU and have cleaned up
If CEU is a fraud....I only own 100 shares and have made a big mistake.
Risk/reward.....ready to take my lumps on a 100 share investment in a scam company
in good conscience i wouldn't buy into CEU right now ....WHY????
are you real greedy.....better deals out there right now than a company ready to be shut down and proven to be a total fraud.
If there is any evidence that their SAT filings are forged. Everybody should stay away. What I mean, the forged financial numbers in the SAIC filings are very normal, I don't want to say most of them, but many many Chinese companies do that.
We'll find out in the next 2 months. If CEU is a fraud they will stop communicating and fail to file a 10-K. If they're legit,the opposite will happen. And I think CEU is legit(what fraudulent company vigorously denies the allegations/shows auditor confirmed bank balances etc) but with the Chinese RTO space it pays to be skeptical.