This is not the same issue. Reread the comment.
Absolutely correct. Their math doesn't add up. This is certainly a concern.
Can you clarify how you could have 16.1 million distinct accounts and only average 99k daily users? You would have to believe every user keeps track of 5.5 distinct accounts on average? That doesn't add up.
Issue number 1 is very interesting. I did not catch this in their release, but you are right, it doesn't make sense. Can anybody explain?
They actually have done the following:
1. Issued the press release with bank, account, and balance information that totals $291 million. Anybody at the banks could check if the detailed info is not accurate.
2. Company said in conference call that they would engage a global, independent party to verify info.
3. The co-CEO said in the Blomberg interview that two investment banks had verified the amounts in the past 24 hours.
4. In the conference call, they stated that screen shots of banking information would be provided. Additionally, they would work with anybody that would like to do their own due diligence.
This is all within 24 hours of the negative report coming out. And don't forget, the report came out in the middele of the night, China time. They have actually moved pretty quickly.