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Skystar Bio Pharmaceutical Company Message Board

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  • peristentone peristentone Mar 22, 2010 4:45 AM Flag

    2010 Projected EBITDA?

    How do we know this company is real? How do we verify the company has the cash balances it says it has? The web site looks somewhat fake to me. When I look at the institutional ownership list, the major institutional holders own only a few percent. Has anyone here verified the company's headquarters and seen any independent verification of the business in third party accounts (e.g., industry newsletters)?

    I've done due diligence on a lot of these reverse merger style Chinese stocks trading on US markets, and a huge number of them are looking to me like stock frauds.

    The short shares outstanding is inconsequential, which is good. Usually the hedge funds detect bad situations and short them en masse long before the retail investors find out. That doesn't appear to be happening here yet.

 
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