i clarify for you. i believe cctv confirmed lph was a fraud. the only real number they reported was that lph reported $426,000 to the chinese tax authorities. the fact that cai and toups could run a total con on shareholders, probably means they are not above reprorting a fraudelent low number to tax authorities too. i mean if cai is bernie maddoffs chinese cousin, then he probably is a tax evader too. i would not believe anything lph reported to anyone.
still, for shareholders, all that we have are paper shares in a fraud.
the only issue for most shareholders is the value of their shares.
and i do not think geo totally issued fake reports, maybe they exaggerated a little, they said lph was a 100% fraud, maybe the truth is lph is only a 90% fraud.
still, they uncovered a fraud.
i do not like geo, but you have to admit, they outed lph.