Harbin Electric, Inc. designs, develops and manufactures linear motors and special electric motors. With proprietary technology and core patents, the Company builds a wide array of customized linear motors and other special motor for a variety of applications and industries. The Company currently designs and supplies its motor products and systems to numerous end users throughout the Chinese domestic market, as well as, to other industrial OEM customers overseas. Industry applications for linear motors include oil field services, conveyor systems, factory automation, packaging equipment, as well as mass transportation systems. The Company is based in Harbin, China along with its wholly owned subsidiaries.
Advanced Description :
No additional details have been entered yet. If you would like to moderate the board and provide an advanced description for this stock, please send a Board Moderation Request at top left of board.
muscleman 22-Sep-2011 02:14 PM
Post Type:
Public
When do you expect SEC to step in? (#12000)
22-Sep-2011 02:14 PM
Maj, it looks like this company is totally immune from hit pieces.....
In the past cases, it seems like auditors have some conscious, and quickly resign when they found things are smelling bad, and SEC halted the stock and started investigation.
But for this one, it looks like their auditor is corroborating with their folks to keep the fraud going on, and SEC don't step in if the auditor doesn't resign. That creates a big problem for us.
I am wondering if this case now looks more like the GMCR case, where FBI folks already found their numbers don't add up, but SEC just don't halt the stock and let their auditor figure it out.
I hope SEC is reviewing your documents now.
It is really sad and bizarre to see my SPY puts well in the money and HRBN puts in trouble.............
Risk Analysis
Tracking 1053 U.S. listed China Stocks and Counting...
Tracking 1536 U.S. Stocks and Counting...