Excellent questions. Are you sure some of those don't deserve their own threads, especially the cash audit/verification question?
I COMPLETELY agree with you on demanding to know why XIN continues to resist a cash audit. It's the #1 step the company can take to fight the perception of fraud problem, and it would cause the price to LEAP.
The reasons the company gives for opposing cash verification are laughably weak, and the market's noticed.
The question is simple: If there's nothing wrong with your cash figures, then why do you oppose verifying them?
That also ties in with your question about the high liabilities. If as much cash is there as you say is there, then why not pay down some of the highest interest debt?
In addition -- and you might now know this one -- the only suspicious detail about Longtop before it was unmasked as a fraud was that it had "too much" cash on its books, so when investors started asking questions like yours and they got unsatisfactory answers, they sold.
In that way a few -- unfortunately, only a very few -- avoided losing everything. The Longtop link alone should be enough to make XIN want to verify its cash (unless, of course, there really is something rotten in Denmark).