Betrug bei CXTI - offensichtlich sicher. - 500 Beiträge pro Seite

[Sonnwinn]

Ein Kurs fällt nicht ohne Grund.

Die Firma antwortet nicht mehr auf ihre Investor Relations.

Bringt keine Zahlen.

Keine Stadt in China kennt sie.

http://seekingalpha.com/article/46619-critical-moment-for-ch…


Feinberg hat fast alle Aktien in den letzten Tagen verkauft.
http://google.brand.edgar-online.com/fetchFilingFrameset.asp…





DAS IST sehr wahrscheinlich BETRUG!


Nur meine Meinung.

[Reiners]

Naja, der Kurs ist eben gefallen, weil Feinberg über 5 Mio. Aktien geschmissen hat.

Entweder ist das ein ganz großer Betrug oder ein 500%er.

Das werden die nächsten Wochen zeigen.

Auf jeden Fall eine ganz heiße Kiste und nix für einen seriösen Investor. Für Spekulaten und Zocker dagegen wahrscheinlich ein Paradies.

----------------------------------------

Aus dem Board:

Why wouldn't Jeff Feinberg have sold 2.6 million shares 10 days ago instead of selling 97,000 ten days ago and selling 2.6 million shares on Sept. 10. He would have saved himself millions. This whole thing makes no sense.

[stupidgame]

Antwort auf Beitrag Nr.: 31.554.146 von Sonnwinn am 12.09.07 23:00:05

Danke für die Info. Bin hier zwar schon lange nicht mehr drin - habe die Aktie auch nicht mehr beobachtet. Aber das ist natürlich ein wichtiger Hinweis. Ich habe einige andere China-Aktien auf der Watch, die auch an der OTCBB notieren und von der Bewertung her erstaunlich niedrig sind. Dort muss man jetzt natürlich ganz anders recherchieren und erstmal versuchen zu überprüfen, ob diese Firmen überhaupt real sind. Ich dachte, sowas gibt es nur an den Pinks. Scheint ja leider nicht so zu sein.
Leider dürfte diese Story - falls sich da Betrug bewahrheitet - auch für seriöse China-Aktien nicht gerade positiv sein. Weil dann wohl auch dort erstmal ein Risiko-Abschlag eingepreist werden dürfte.

MfG.
s.

[Reiners]

Heute wird mal interessant wie sich der Kursverlauf und das Volumen dastellen wird.

Bleibt das Volumen hoch und der Kurs unter Druck wird wohl der nächste Big Boy / Insider am verkaufen sein und das Betrugsszenario wahrscheinlicher.

Wenn nicht, ist eine natürliche Gegenreaktion, nach 90% Verlust wahrscheinlich.

Ist es Betrug (meine Einschätzung aktuell 70%) wars das, ist es "nur" extremes Unvermögen in Sachen Finanzbericht fertigstellen und Investor Relation Pflege des Managements (meine Einschätzung aktuell 30%) ist der Kurs jetzt wohl eine große Chance.


Nicht zu vergessen, in China ticken die Uhren anderes. Ich könnte mir auch gut vorstellen, das es was mit Korruption / Bestechung der Regierungsbeamten in den Provinzen zu tun hat um die Aufträge zu bekommen.

Das Problem der Korruption ist aber eher ein allgemeines Thema in China und nicht CXTIE spezifisch.

--------------

Vielleicht macht es Sinn mit einem hohen Stopp-Buy zu arbeiten. Sagen wir mal bei 1,20 USD. Wenn es weiter runter geht und es Betrug ist, ist man nicht dabei. Und wenn es kein Betrug ist und es deutlich hochgeht, verpasst man zwar die ersten 55 cent aber man wird wohl auf mittlerer Sicht noch 3 USD machen können.

[MFC500]

Antwort auf Beitrag Nr.: 31.555.378 von Reiners am 13.09.07 08:45:04

warum ein Risiko eingehen? Geht hier alles mit rechten Dingen zu, wäre die Aktie auch bei einem Kurs von 2 Dollar ein klarer Kauf. Das Papier ist m.E. nicht grundlos so tief gefallen, wobei besonders bemerkenswert ist, daß offensichtlich kein Insider kauft! Das sollte einem noch mehr zu denken geben, als die auf diesem Niveau auch nicht gerade vertrauenerweckenden Verkäufe von Feinberg.

Was würdet ihr denn tun, wärt ihr Insider und wüsstet genau, daß hier alles in Ordnung ist? Kaufen oder Verkaufen oder nur Zusehen - bei einer Aktie mit einem (bislang erwarteten) KGV(08) unter 1?

[stock_budgie]

Antwort auf Beitrag Nr.: 31.555.950 von MFC500 am 13.09.07 09:20:24

warten bis der KGV(08) auf 0.1 gefallen ist....

Sorry, war ein kleiner Scherz - aber deine Frage war wohl eher rhetorisch....

[Sonnwinn]

http://ragingbull.quote.com/mboard/boards.cgi?board=CXTI&rea…


By: krfw
12 Sep 2007, 02:39 AM EDT
Msg. 10238 of 10524
Jump to msg. #
My calls to CXTI last night. I spoke to a woman who struggled to speak English, and she gave me Michal Huang's "cell phone" number. That number turned out to be the same number that Hayden PR gave out previously, and of course it's just not answered (a message in Chinese that someone told me means he's screening his calls).

I then called back China Expert and again spoke to perhaps the same woman, and told her I couldn't reach Mr. Huang. I then asked to speak to Mr. Zhu or Mr. Qiyou Li, she told me "they are not here." I asked her how I can reach either of them, and she then connected me to another woman who once again tried to give me that ridiculous cell phone # of Mr. Huang. When I told her I couldn't reach Michael, she gave me the email that I have already written to him for the past 2 weeks with no response.

Finally, early this morning (China afternoon) I tried again. This time I spoke to a girl who identified herself as either "Jill" or "Angel" and when asked told me she was in Shenzen. She kept telling me, "Just call Michael...Michael will answer any question you have." But I wasn't going to let her go easily. I asked her what was going on, where is everybody, what is the problem. She sounded frustrated, perhaps struggling with the English, and told me "Michael is in China for business." I said, "What about Mr. Xhu" ..."also in China for business." I again asked if there is any other number or way to reach any of the management. Again, she told me, "Just call Michael."

While she is in Shenzen, I thought it weird she said in "China" for business, but perhaps she is referring to Hong Kong?

I asked for her position, and she said she "couldn't think of the word." So I asked if she is Mr. Huang's secretary, she said, "I am not a secretary." I asked "Are you in marketing or in management?" and she laughed and said, "No, I am just in office." So I asked, "You are an office worker?" and she said, "Yes, like an office worker" whatever that means.

Knowing this wouldn't get anywhere, I decided to give her a break and ended the call.

How do you spend tens of thousands of US dollars per month on all these office spaces, but not have a phone line that reaches any of them??? How do you have 3 top executives of a company ex-communicado?

[Sonnwinn]

seit ausstieg gezehntelt - wahnsinn

[Sonnwinn]

Der Super-Gau!

[spike_one]

China Expert Technology: Return To Prior Trading Range Unlikely
posted on: September 18, 2007 | about stocks: CXTI.OB

Only months ago, I thought that China Expert Technology (CXTIE.OB) had bright prospects. The Chinese e-government service provider had announced a series of large contracts and appeared poised for a profitable year. After CFO Simon Fu resigned, shares took a huge tumble. Sensing a bargain, I dipped my toe in the water. I was encouraged initially by CEO Huang (Michael) Tao’s press conference, which appeared to be forthcoming. That was then.

Now Tao and the rest of the CXTI gang have ceased communications with the investor community and are delinquent in their SEC filings. They had to promote an insider to the CFO position, perhaps an indication that no qualified outside candidate would accept. Major holder JLF Asset Management has slashed its holdings.

I know from your emails that many of you view this as an asymmetrical bet. Here’s your hypothesis: at current prices, it can only go down $0.68, but any good news or even a cessation of selling could lift shares much more than that. I agree, but here’s the rub: as time goes on it becomes less and less likely that this turns out well.

A few random thoughts to consider:

1. History rhymes. Yes, I realize that approximately two years ago, CXTI plunged to well under $1, only to recover and eventually move to fresh highs. But there are critical differences. That drop only lasted a few days and did not have nearly the volume of this one. Moreover, the prior drop in my view was caused by the overhang of a toxic convertible offering. This one is a different animal, propelled by fears that the entire company could be a hoax.

2. JLF, JLF, JLF. Many readers believe that this was prompted by a margin call at major holder JLF Asset Management. After a little research, this theory appears to be wishful thinking. Last week, JLF had around 4.5M shares. At $2, that is less than a $10M position for a fund with holdings last reported at $674M.

Other theories posit that JLF learned inside information from former CFO Simon Fu, who has since taken a position with HollySys (to be acquired by another JLF holding, Chardan North China Acquisition Corp. ). I have my doubts. Selling on inside information would obviously expose JLF to enormous legal liability. At the same time, I don’t think that JLF would allow Fu to take the helm at HollySys if it believed that he operated a hoax on them. JLF now owns exactly 5% of outstanding CXTI shares, after sselling over 2.6M shares on 9/10/07.

3. The Contracts. Blogger Cabeza Howe, who is fluent in Mandarin and appears to be very balanced in his views, was unable to confirm the existence of any of five contracts he investigated. Note that most of these contracts are attached to SEC filings. Is it possible that they were made up out of whole cloth?

4. BDO McCabe Lo. CXTI’s auditor that signed off on the last 10-K was the asian arm of respected BDO Seidman. The 3rd Standard for Field Work under Generally Accepted Auditing Standards (GAAS) requires auditors to confirm the reliability of financials with “sufficient competent evidential matter” to be obtained through “inspection, observation, inquiries and confirmation.” It seems to this layman that BDO would have had to confirm at least some of the contracts and operations, but I have no idea whether or not this occurred.

5. The Website. http://tech.chinaexpertnet.com. It's a joke, which would be a problem in any case but is worse here because CXTI is supposed to be a technology services company. Also, IR company Hayden Communications resigned due to its inability to communicate with the company.

All of these facts point to two possible scenarios: (1) the company and contracts really exist but the company has decided to cease communications with investors, perhaps to conceal fraud raised when Fu resigned, or (2) the whole thing was a hoax. The only certainties are that CXTI will not go lower than zero, and that it will soon be trading on the pink sheets. A bounce is likely here, but a return to its prior trading range is not.

DISCLOSURE: Long CXTIE.OB (a small but regrettable position).
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[Sonnwinn]

Montag heißt es CXTI.pk für "China's IBM".