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Telestone Technologies Corp. (TSTC) Message Board

jgsgilbert 2 posts  |  Last Activity: Oct 31, 2014 6:24 PM Member since: Feb 9, 2007
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  • Reply to

    I am thinking it is gone

    by samm_ssj Sep 26, 2014 11:34 AM
    jgsgilbert jgsgilbert Oct 31, 2014 6:24 PM Flag

    How did they get any signed audited financial statements? How is it not possible to go after the auditors in this situation if they signed unqualified opinions or even if they qualified them they did not qualify them suitably.

    What about any physical assets? Is it not possible to seize and sell these?

    It just seems like communication has stopped and people have disappeared. Surely some body or decent size investor must be seeking some legal solution?

    It all looks pretty bad for the Chinese ADR world when this sort of thing is allowed to happen.

  • Reply to

    Good news! Finally...

    by guruwhomakesmoney Jul 14, 2014 9:03 PM
    jgsgilbert jgsgilbert Jul 18, 2014 11:30 AM Flag

    I don't understand how they kept getting signed off audited finanicals when the company was clearly in trouble. Is there no recourse against the auditors in these instances? Otherwise an audit opinion is not worth the paper it's written on.

0.006+0.0050(+500.00%)Dec 26 2:19 PMEST

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