Providing investors with the
tools to make informed decisions.
Providing investors with the
tools to make informed decisions.
 Tracking 1271 U.S. listed China Stocks and Counting...
 Tracking 3167 U.S. Stocks and Counting...

GeoTeam Responds to SCEI Intentions to Take Legal Actions Against GeoInvesting

Thursday, May 5, 2011, 11:35 AM ET -

Dear GeoInvesting Members,

This morning Sino Clean Energy (“SCEI”) announced that it intends to bring legal action against GeoInvesting for what it claims to be malicious and fraudulent attacks on SCEI which were alleged to be orchestrated and conducted by or on behalf of other short sellers.

SCEI also charges that we have engaged in naked short selling activities stating, “Company believes that the short sellers seek to accomplish this goal by spreading fabricated market information and rumors.”

GeoInvesting will not be intimidated by threats of legal action by companies such as SCEI.  Nor will we cease in our quest to expose companies that we believe have fraudulently abused capital markets to take advantage of U.S. investors who have put their trust in these companies and their representatives.

We carefully read the SCEI rebuttal letter.  We have found what we believe to be several significant misrepresentations that support and strengthen our original findings.  We intend to discuss our findings later today.  We have also contacted relevant PRC authorities and will be supplying our evidence to SCEI’s auditor and relevant U.S. regulatory authorities.

We remain short SCEI via puts.

SCEI’s allegations insinuating that we have taken part in naked short selling activities are false.

We look forward to our day in court with Chairman Ren and his US representatives.

Sincerely,

Geoteam

Disclaimer:

You agree that you shall not republish or redistribute in any medium any information on the GeoInvesting website without our express written authorization. You acknowledge that GeoInvesting is not registered as an exchange, broker-dealer or investment advisor under any federal or state securities laws, and that GeoInvesting has not provided you with any individualized investment advice or information. Nothing in the website should be construed to be an offer or sale of any security. You should consult your financial advisor before making any investment decision or engaging in any securities transaction as investing in any securities mentioned in the website may or may not be suitable to you or for your particular circumstances. GeoInvesting, its affiliates, and the third party information providers providing content to the website may hold positions in securities mentioned in the website and otherwise may effect purchase or sale transactions in such securities

GeoInvesting, its affiliates, and the information providers make no warranties, express or implied, as to the accuracy, adequacy or completeness of any of the information contained in the website. All such materials are provided to you on an 'as is' basis, without any warranties as to merchantability or fitness for a particular purpose or use nor with respect to the results which may be obtained from the use of such materials. GeoInvesting, its affiliates, and the information providers shall have no responsibility or liability for any errors or omissions nor shall they be liable for any damages, whether direct or indirect, special or consequential even if they have been advised of the possibility of such damages. In no event shall the liability of GeoInvesting, any of its affiliates, or the information providers pursuant to any cause of action, whether in contract, tort, or otherwise exceed the fee paid by you for access to such materials in the month in which such cause of action is alleged to have arisen. Furthermore, GeoInvesting shall have no responsibility or liability for delays or failures due to circumstances beyond its control.