|
||||
|
Last year I wrote about how Chinese firm,Wonder Auto Technology (NASDAQ: WATG), was going to restate its 2008 and 2009 annual reports. I quoted the following from its 8-K announcement: Historically, the Company has disclosed in its Annual Report that “revenue from sales of its products is recognized when the significant risks and rewards of ownership have been transferred to the buyer at the time when the products are put into use by its customers, the sales price . . . It appears China has lost one of its billionaires. Dalian Shide Group Co. Ltd. has been unable to make contact with its Chairman, Xu Ming, since March 14, and now the banks are getting nervous: The sudden disappearance of a self-made billionaire in the coastal city of Dalian has unnerved not only bank executives concerned about loans they made to his companies, but also government officials who have lent generous support to the expansion of his business empire. . . . |
About Frank Voisin Subscribe for free updates:
 |
|||
|
Copyright © 2013 Frank Voisin. All Rights Reserved. Content may not be copied, distributed, re-transmitted, or re-posted in any form without prior approval. Any quotes must include credit to the author including a link to the original source. The information found on this site should not be considered to be investment advice. Any investment decisions you make should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. The author is not a registered investment advisor and does not represent the information on this site as a recommendation for readers to buy or sell the securities under discussion. All information contained herein is believed to be accurate at the time the information is posted. However, it is possible that errors may exist on this site. The reader should conduct his or her own due diligence and not, under any circumstances, rely on any of the information presented on this site. All liability for the content of this website, including any omissions, inaccuracies, errors, or misstatements is expressly disclaimed. Always complete your own due diligence. The author will disclose positions held in securities under discussion at the time of posting, however the author will NOT update prior posts or otherwise communicate changes in market positions after the time of posting. Powered by WordPress & Atahualpa |
||||
