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SEC versus SAIC

Created: 01-Jan-2008

Category: Articles
Moderator: Zon4Ever
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Keying in on fundamental differences between the SEC & SAIC

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Xantu 26-Aug-2010 05:21 AM

Post Type: Public

Hey Maj!First I would like to congratulate you on the steps you have taken regarding to th... (#3591) In Response to original message: #3588 posted by on 25-Aug-2010 10:37 AM

Hey Maj!

First I would like to congratulate you on the steps you have taken regarding to this subject.

I agree that it is unbelievable that no IRfirms or analysts seem to care. But of course the subject is complicated, and is more easy to just analyse the SEC-filings.

By reading through your article, here are some questions that remain in my head:

- how does the Chinese government calculate the spectacular growth numbers of the economy, if a lot of companies would forge their accounts (assuming solely) for tax purposes?

- why doesn't the Chinese government use the SEC-filings as "evidence" for trying to prove to the company that their SAIC-filings are wrong or at least ask for an explanation?

Surely to be continued...

Greetz.

Xantu.

P.S. When do you plan to release the results of your due diligence regarding this?