iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,264 Blog Posts

Don’t Get RINO’d

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)

TLB.ws (TLB)

MVISW (MVIS)

PALWF (PAL)

AVIIW (AVII)

CHOPW (CHOP)

COF.ws (COF)

ZIONW (ZION)

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.

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47 comments

  1. A Monkey with a no-Chineese Lotto Policy
    A Monkey with a no-Chineese Lotto Policy

    1st.

    Fuck RINO, FUQI, all that shit.

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  2. Kafka

    On the topic of FTK. I’m sure a few months ago or more the Fly said that if FTK broke $3 he would be giving out prizes. I did a quick search for this post but I cannot find it, but I’m sure he said it. It was back when FTK was well getting FTK’ed.

    Just wonder if we can expect this to occur?

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    • WTF

      Shit, your best prize would be to hop on his tail with FTK. What else could you wish?!

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  3. Bullish

    Clam sauce drizzled over turkey dinner. Delicious!

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    • Bubbles

      Turkey, mashed potatoes, stuffing, cranberry sauce, and clam juice. It really doesn’t get much better.

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      • Jakegint

        With a side of clams oregeno. No joke, my grandmother used to put that in the mix on T-day.

        And she was half Mick, half German, so don’t ask.

        _______

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  4. HuggieBear

    I love turkey god season…i will most likely have prime ribeye this thanksgiving, thanks to said turkey gods.

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  5. HuggieBear

    by the way, fly, its apparent at this point that the panic of last week was merely a convenient excuse to create a minor selloff in order to further tweak year end profits. They don’t have as much runways as they had last april to create a bigger dip, so we get a quick panic that shaves off a few percent…and now everyone will have to position for the year end ramp.

    has the market always been such a big scam?

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  6. Le Fly

    You could not find such a post because it does not exist!!!!

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  7. logicalthought

    Fly has half of the “Chinese Scam Equation” when he says to look at the auditors (and there are lots of other questionably tiny shops out there “auditing” mainland Chinese companies). The other half of the equation is to look at the “CFO history”; i.e., how many has the company rotated through since it first went public in a reverse merger? The more, the un-merrier.

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  8. MOOBER

    Fly – Is that the mask your son made?

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  9. MOOBER

    Also, genius to search the auditor. Bet this post is making the rounds at Dewey Cheatem and Howe right now.

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  10. Colonel Von Ryan

    Does Eliot Spitzer have jurisdiction in China?

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  11. kelkun

    I trade warrants in canadian gold, potash, rare earth etc. junk. The percentage returns are insane.

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  12. kelkun

    The best were the Yamana Gold warrants before they expired a few months ago. They were almost at the money in the last month and super liquid. You could get 50 to 100% returns…daily! Mind you, if you were on the wrong side, the losses were obviously horrifying.

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  13. TraderCaddy

    I also did some research on RINO and found the following.
    Their media relations company is Fu Kiu International, LTD.
    Their prime contractor is S.T.D Contractors.
    Corporate counsel is the firm of Hungadunga, Hungadunga, Hungadunga and Greenbaum,LLC.
    Funky Chen runs the advertising department.
    Investor relations is handled by Hung Fat.
    Corporate Governance is handled by General Tsao of the Red Army – Tiananmen Square Tank Commander Division.

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  14. dude

    another warrant for the great and mighty fly: BWOWW

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  15. Shunsmuse

    IMO- Also deserving added scrutiny: CMFO & GU.

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  16. Woodshedder

    Fly, speaking of stuffing packed cocks…

    Did you see the recent Ugly Americans? The cock fighting was hilarious…You gotta watch the clip.

    http://www.comedycentral.com/videos/index.jhtml?videoId=365750&title=manbird-exhibition

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  17. dude

    also CCCLW (my favorite warrant play presently)

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  18. 500k Min

    Bot some of that HEAT on Friday at $5. Looks like their auditor is legit (subsidiary of BDO)

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  19. ThomasPaine

    NEW TSA INCIDENT AT THE AIRPORT ON VIDEO – OBAMA GETS INVOLVED IN LATEST INCIDENT. HERE IS THE YOUTUBE LINK:

    http://youtu.be/gD7sKEOtgSk

    copy and paste the above link into your browser to view

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  20. Curly

    Speaking of stuffed cocks.

    http://www.youtube.com/watch?v=TrIJr-klDv8&feature=youtube_gdata_player

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  21. hubbs

    Fly, I followed in to $CHGS but wasn’t able to exit timely (or unwilling taking large losses and hoping for a better exit). So this one would be or already was affected badly by accounting problems? Run away at any cost now?

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  22. TMoe

    Who Dat!!! Bitches!!

    Next stop – Dallas to kick the cowgirls’ ass on Turkey Day!!

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    • punyandy

      Glad your football team is doing ok, because your stock portfolio is at all-time lows.

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      • JakeGint

        Dallas to kick the Cowgirls ass?? What?

        Dallas IS the Cowgirls.

        ________

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        • mitch

          He was saying that their next stop was dallas which is the location where they will kick the cowgirls ass. Not that the next stop for dallas was to kick the cowgirls asses.

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          • Jakegint

            Ah, sorry… didn’t realize he was talking about the Aints.

            I look forward to their staffing Reggie Bush again.

            _______

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  23. Tw

    The TSA has announced that passengers may not bring stuffing packed cocks on flights over the holidays. The fluffers at the TSA are concerned that said cocks might represent a potential weapon. The TSA has also stated that they are the only ones permitted to penilize other passengers and stuffing packed cocks when swung effectively undermine their authority, and there fore those cocks, that may be used to penalize Chinese lotto players on the flight, will not be permitted. All passengers should expect to be vigorously fluffed after their cinnamon knots have been “imaged” , inspected and of course laughed at.

    Courtesy of the TSA (turkey security authority)

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  24. The Fly

    Fuck the TSA and OSIS.

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  25. JakeGint

    The Turkey Gods Demand Your Shitty Dollars!

    Bring them forth!

    ____________

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  26. Dave

    Glad I took profits on my Allied Irish Bank puts last month. Interesting to see what’s going to happen with Ireland’s economy going forward though. The EU is probably going to force them to raise their corporate tax rates, which was a big reason why multinationals started setting up shop in Ireland.

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    • Po Pimp

      Indeud on the corporate tax rate hike. I thought the same thing when I saw the headline. Ingersoll Rand was one company that made such a move.

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    • TeahouseOnTheTracks
      TeahouseOnTheTracks

      So if corporate taxes are too low it could bankrupt a country?

      Isn’t that what the GOP is trying to do here …. hmmm

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  27. MX2101

    I was thinking as a joke that with the invasive TSA security maybe passengers could get a colonoscopy as part of the process. But seriously, if the scanning system could quickly detect medical conditions, it might have public health benefit.

    On another point- conspiracy types might feel the Department of Homeland Security is the basic infrastructure of a police state, and TSA activities could be extended to other areas. This could eventually include government mandated electronic driver scanning and database recording of private cars.

    People say “I’ll take the train” but we are only one bureaucratic directive away from scanners at the train station.

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