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.
Frigging hell how many warning signs do investors in AIM listed China stocks need? Today’s shocker comes from Germany where Ultrasonic – a shoe maker – has seen its shares crash by 79% in just one day. But there is a read across to some of our AIM listed frauds.
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Comments
C H Ingoldby
Bloody hell, the Chief Executive and Chief Operating Officers bunked off with the cash! What an absolute farce.
How can any Chinese company be considered to hit basic governance standards to be listed in the West? This is obviously cowboy territory and anyone with a smidgeon of intelligence is going to be avoiding like the plague.
brains
Hey Tom I have been following your commentary on shares for a few years now. I have yet to find anyone as prescient as you when it comes to picking shares. Unbelievable work!
Tom Winnifrith
Brains
Many many thanks. I am flattered.
T
yingtong
Youbisheng Green Paper is another German listed one which may merit a look.
CEO went missing. No idea whether or not they have found him….
Compounder
Hey Tom, What’s your view of the Alibaba IPO. Will it end in tears ? Personally I wouldn’t touch with a barge pole.
brains
and I might add I have been a Quindell shareholder from early 2012… and only because of your red flags managed to get out without a loss… although I still have a small stake again now… keep up the great work.