I sold out of all of my Chinese Lotto tickets a few weeks ago when the accounting starting to smell fishy. Now the shit is hitting the fan. Sometime soon ALL said shit will be distributed across the entire industry, leaving their snowmen shareholders in puddles. Expect and anticipate sharp percentage losses in all things Chinese, as America turns their noses, high and mighty, towards the fucked up accounting practices of the lotto masters.
One thing is for certain, anyone audited by RINO‘s accounting magicians will be punished and scrutinized. Truth be told, I did zero forensic analysis on this subject, just ran some quick PPT auditor screens and this is what I came up with:
RINO accounting firm: Frazer Frost, formerly Moore Stephens Frazer & Torbet LLP
Other companies audited by said magicians: CBPO, DYP, FSIN, CFSG, HRBN, CHNG, CVVT.
Is it possible that such a firm audits only Chinese small cap companies, of which several have already reported “accounting irregularities?” Coincidence or by design?
Typically, I’d like to buy into a situation like this, where good names are punished because of poor company. However, if the accounting firm gets shut down, I’m afraid all of these stocks will suffer greatly. The best trade is probably to stay away. I just wanted to do a public service and let you idiots know what’s up, before you started dip buying into those fucking murderholes.
In other news, I’m interested in companies that have publicly traded warrants. BAC has a bunch, as does WFC. Others are more obscure. This is what I found:
(using quotestream terminal)
It looks like the drunken Irish jackasses will be bailed out. Hooray, just in time for the Turkey Gods. NEVER, EVER bet against the Turkey Gods, for they will beat you senseless with their stuffing packed cocks.If you enjoy the content at iBankCoin, please follow us on Twitter