tag:blogger.com,1999:blog-3626141687484533686.post7010250083197645313..comments2011-09-16T09:11:33.419-04:00Comments on James' Analysis: Is Silvercorp Another Chinese Fraud?James Caihttp://www.blogger.com/profile/09503116490397175896noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3626141687484533686.post-60919135000338954432011-09-16T09:11:33.419-04:002011-09-16T09:11:33.419-04:00Thank you for your comments.
I am not 100% sure t...Thank you for your comments.<br /><br />I am not 100% sure the company has the cash it claimed, but I believe because:<br /><br />1. Its tax payments are in line with its revenues and net income, which corroborate its cash.<br /><br />2. After Longtop story, posting forged bankstatments would be a quick suicide. I do not think Rui Feng would be so stupid. <br /><br />3. It's not hard to verify the cash if you have connections with Chinese banks. Probably the Anonymous already did the verification.James Caihttps://www.blogger.com/profile/09503116490397175896noreply@blogger.comtag:blogger.com,1999:blog-3626141687484533686.post-80097564204242103972011-09-16T02:40:48.884-04:002011-09-16T02:40:48.884-04:00Are you sure the company has the money in the bank...Are you sure the company has the money in the bank?<br /><br />Longtop did not - but it had plenty of documentation to say it did!<br /><br />Just saying that these things are more difficult than you would like.<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.com