oh those brilliant businessmen at QIHU, everyhting in China is slowing down, internet players all report softness but not the amazing QIHU!! How do these guys manage to avoid the slow down everyone else is talking about, they are just so good, wow!!
Qihu will report better than expected revenues, earnings, margins, market share, and just about every possible metric will be spectacular!! They will be compelled to raise all estimates as it just wont be possible to keep expectations down. In short they will report a terrific quarter once again!! Its amazing they never slip up or have a problem. Despite the "commodity" business they are in where no one on earth is able to make money these guys turn out terrific results, they are simply the best managers on earth!!
this company is a fraud plain and simple, if you dont believe Matt, read the report at www.anonanalytics.com or read Andy Left's report at Citron rather than the babble produced by Wall St. The way to tell if a Chinese company is honest is if they ever MISS A QUARTER. When these guys report next week they will beat, beat beat. All of the numbers will be super just like always. It's easy when you make them up. Hongyi Zhou has perpetrated lots of frauds this is just his latest.
Smart hedgies already borrowed all of this pig when it traded up to 3. they know there is a deal coming and will cover when they price it at $1.80. If you can borrow it short it, just plain stupid, read the brilliant arguements the guys buying it are making here. OH BOY GONNA GO TO 25 JUST WATCH....WEEEEEEEE
there was no real news today, they got clearance to run a trial from the FDA. Anybody can do that!! Second the trial is going to cost 20-30M, they need to raise $$. Third, if the trial is successful, there are several competing drugs in trials right now. Hello....stock loan.....
well there is a brilliant, perceptive and well thought out arguement no one can agrue with. I mean wooooooo what can one say.
they are embarking on a phase 3 trial which will cost between $40 and $60 million, wait to buy until they do the deal, they need to seel more stock to raise money for the trial,
dont ocnfuse BDO Seidman with BDO Limited, one is a internationally ranked firm and the other is a Chinese bucket shop.
am told that the Chardon analyst suspended coverage when all of the "this is a fraud " chatter started back in late summer. the analyst went to China visited the company, has returned and now is offically dropping coverage. he went , he saw, he went oh S^&t it is a fraud, and he ran away as fast as he could.
it just a matter of time before they catch up to each other, looks like the CGA fraud is unwinding, can CHBT be far behind?? (or CHNG as well), oh and the big ONP investigation is days away from being released, wait to you see this pile of BS they try to pull. The only reason that stock is up is becasue every single availible share has been sold short. FRAUD, FRAUD, FRAUD, if these guys were in the US they would be in the cell next to BErnie M.
and CGA and CHNG, all 4 basically frauds, no legitmate auditors, lies and deception, all have one thing in common, came puiblic via a reverse merger without IPO due diligence, all raised money from US investors, all have figured out away to get the cash out of the business to who knows where, if you are one of the paid shills, shame on you , get a real job, if you are in fact an investor, save your money in the bank.
there was no cash flow, cash delined by 2mm, learn how to read a statement of cash flow, this is another fraud
please dont be fooled by the incessant posting of paid for positive posts here. This company is a criminal enterprise designed to part American investors from their dollars nothing more. Where are the results from the investigation? What is taking so long? Why did the bankers walk away? Why are they being sued? Do you really believe it takes this long for an investigation to merely establish whether or not the books and records are legitimate? Dont be fooled, save your money and invest elsewhere with HONEST companies.
this is the unofficial story out of Roth:
Analyst had to be somewhat respectful as CHBT is a banking client and Roth management is scared to death of losing the class action lawsuits that are or are about to be filed, so he supposedly left off the specifics of what really happened.
First when he went to inspect the documents that were made availible (to only those that attended in direct violation of Reg FD) there were bank statements, one from a Hong Kong based bank and another from a Mainland based bank. The one from the mainland bank was literally handwritten!!
Secondly, when he asked for the closest retail store he could visit, he was given an address that did not exist, among a list of locations.
Third, some of the locations listed were actually supermarkets where they simply had some shelf space, this shelf space was surpirsingly small in 3 locations and the product on the shelf had a Dec. "09 date. When quized the manager of the store explained that the stuff doesnt sell.
He couldnt come out and specifiy why he downgraded because he would be opening the firm to bunch of legal problems as they underwrote this FRAUD and have plenty of legal trouble as it is.
Can anyone name one other public (non fradulent) company that held an analyst day, did not provide a webcast, made documents availble for a short period of time to select people and made no further disclosure? Is this the way Intel or Microsoft operates? This company is a fraud plain and simple, if you still believe these crooks i feel sorry for you. \dont listen to the paid shills on this message board that pretend to be investors.