Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

China fraud Jiasen – profit warning, where has all the cash gone?

By Nigel Somerville, the Deputy Sheriff of AIM

25 January 2016 07:09

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An RNS is meant to inform. Of course, if you are delivering bad news you might not be so keen to inform the market quite as fully as you could and that brings us to a profit warning from ShareProphets AIM-China Filthy Forty member Jiasen (JSI). Tom Winnifrith commented after its Interims to June 2015 that it was either a fraud or he was a banana. And so today Jiasen produced a very uninformative trading statement which looks for all the world to be designed to mislead.

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Comments

BobbyChariot

25 January 2016, 10:17

People should go to jail for this Nigel – absolutely shocking and as you guys have highlighted umpteen times it is not a one off case.
alcira16247

25 January 2016, 23:49

The ShareProphets team have done outstanding work highlighting the numerous Chinese frauds perpetrated on Aim. The losses suffered by private investors suckered into investing by lies and deceit, must run into millions.

Of course, the Regulators charged with protecting us from criminality and wrongdoings, will do precisely nothing whilst the obnoxious George Osborne begs the Chinese to introduce even more of their crap fraudulent companies onto UK financial markets.

Its more than sad, when a country with the history of achievements of our Nation, is now seen to crawl, cap in hand, and beg to a one party fascist dictatorship, not only for help to build our railways and power stations, but come over and steal even more wealth from our citizens, too!