see this is where it gets cloudy. I believe that Chinese ADR's are required to follow GAAP and are subject to audits same as here. NQ uses Price Water who required they list their cash as level 2. I have a close friend who is also a financial auditor from China - my source. Don't be too hard on Chinese companies - it's only a few bad apples and no more than the US still has lurking around. It makes people more upset when they get taken by non-US companies!!!
it won't bouce back for a long time - it's called uncertainty. Once this is created it takes a long time to prove to the street.... One thing is for certain, huge swings can = huge profits. It's almost always your entry and not the stock. Keep that in mind!!!