GSX TECHEDU 48 HOUR DEADLINE ALERT: ClaimsFiler Reminds Investors With Losses in Excess of $100,000 - 500 Beiträge pro Seite | Diskussion im Forum
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ISIN: US36257Y1091 · WKN: A2PLR7 · Symbol: 18WA
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Es handelt sich um einen automatisiert angelegten Thread zur Nachricht "GSX TECHEDU 48 HOUR DEADLINE ALERT: ClaimsFiler Reminds Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against GSX Techedu Inc. - GSX" vom Autor Business Wire (engl.)
ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until June 16, 2020 to file lead plaintiff applications in a securities class action lawsuit against GSX Techedu Inc. (NYSE: GSX) if they purchased the …
Lesen Sie den ganzen Artikel: GSX TECHEDU 48 HOUR DEADLINE ALERT: ClaimsFiler Reminds Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against GSX Techedu Inc. - GSX
ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until June 16, 2020 to file lead plaintiff applications in a securities class action lawsuit against GSX Techedu Inc. (NYSE: GSX) if they purchased the …
Lesen Sie den ganzen Artikel: GSX TECHEDU 48 HOUR DEADLINE ALERT: ClaimsFiler Reminds Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against GSX Techedu Inc. - GSX
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Antwort auf Beitrag Nr.: 65.785.779 von faultcode am 20.11.20 16:51:49und wieder wird einem China ADR Scam langsam der Garaus gemacht:
Antwort auf Beitrag Nr.: 65.785.812 von faultcode am 20.11.20 16:53:3220.11.
Recent Development
Independent Review Update and SEC Investigation
As previously disclosed, prior to the Company being contacted by the SEC regarding the SEC's ongoing investigation, the Audit Committee of the Board of Directors of the Company had engaged third party professional advisers to conduct an internal independent review into the allegations in a number of short-seller reports about the Company.
The independent review is ongoing. As of the date of this announcement, based on the agreed scope and procedures that the professional advisers have performed so far, the Company has not been advised of findings that the Company believes would have a material adverse financial impact on the Company's reported financial performance. (*)
The professional advisers will report its findings and conclusions to the Audit Committee and the Company upon the conclusion of the review.
The Company is continuing its cooperation with the SEC and cannot predict the timing, outcome, or consequence of the SEC investigation.
GSX Announces Third Quarter 2020 Unaudited Financial Results
http://gsx.investorroom.com/2020-11-20-GSX-Announces-Third-Q…
(*) mit solchen nichtssagenden Formulierungen fing es bei Luckin Coffee (und anderswo) auch an.
Der Rest ist bekanntlich Gechichte.
Recent Development
Independent Review Update and SEC Investigation
As previously disclosed, prior to the Company being contacted by the SEC regarding the SEC's ongoing investigation, the Audit Committee of the Board of Directors of the Company had engaged third party professional advisers to conduct an internal independent review into the allegations in a number of short-seller reports about the Company.
The independent review is ongoing. As of the date of this announcement, based on the agreed scope and procedures that the professional advisers have performed so far, the Company has not been advised of findings that the Company believes would have a material adverse financial impact on the Company's reported financial performance. (*)
The professional advisers will report its findings and conclusions to the Audit Committee and the Company upon the conclusion of the review.
The Company is continuing its cooperation with the SEC and cannot predict the timing, outcome, or consequence of the SEC investigation.
GSX Announces Third Quarter 2020 Unaudited Financial Results
http://gsx.investorroom.com/2020-11-20-GSX-Announces-Third-Q…
(*) mit solchen nichtssagenden Formulierungen fing es bei Luckin Coffee (und anderswo) auch an.
Der Rest ist bekanntlich Gechichte.
Antwort auf Beitrag Nr.: 65.785.911 von faultcode am 20.11.20 17:01:44noch eine technische Bemerkung dazu:
• das Management hat gegenüber den Leerverkäufern einen entscheidenden Vorteil: sie können den Nachrichtenfluss bestimmen, zumindest am Anfang und eine Zeit lang (später dann eh nicht mehr)
• das Management hat gegenüber den Leerverkäufern einen entscheidenden Vorteil: sie können den Nachrichtenfluss bestimmen, zumindest am Anfang und eine Zeit lang (später dann eh nicht mehr)
Antwort auf Beitrag Nr.: 65.786.043 von faultcode am 20.11.20 17:10:13PDF, 16 Seiten Ausschnitt:
http://www.mavalue.org/content/uploads/2020/12/GSX-Whistlebl…
http://www.mavalue.org/content/uploads/2020/12/GSX-Whistlebl…
Antwort auf Beitrag Nr.: 66.170.503 von faultcode am 23.12.20 01:17:34Ich vermute, die angekündigte Kapitalerhöhung ist auch Fake und sie werden sie wieder zurückziehen. Die sollte nur den Kurs stützen.
Muddy Waters-PDF vom 18.5.2020: https://d.muddywatersresearch.com/tou/?redirect=/content/upl…
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Antwort auf Beitrag Nr.: 66.175.897 von faultcode am 23.12.20 12:29:53es geht vermutlich dem Ende entgegen: https://twitter.com/jcyin26/status/1346821047392165889
$gsx 1018 staff left (or layoff?) in the first week of 2021. Something is happening...
$gsx 1018 staff left (or layoff?) in the first week of 2021. Something is happening...
Hab mit gsx gut Geld vedient und Gewinne realisiert. Aber wenn di anfängst zu schreibe, geht. Abwärts.
Bist du von der Shotfraktion ?
Lg der Orks
Bist du von der Shotfraktion ?
Lg der Orks
Schade, habe nicht nachgekauft, mein Limit war zu niedrig
Antwort auf Beitrag Nr.: 66.318.776 von faultcode am 06.01.21 22:58:40...
On February 3rd, a former employee of a Deloitte Beijing group sent a 50-page PPT file to the company reporting “various non-compliant people and incidents during the four-year work period.” In this document, LiLi Shan, is accused of taking a bribe while working as the lead audit partner for RYB Education. RYB trades on the NYSE and has lost over -90% of it’s value.
LiLi Shan is also the lead audit partner for GSX Techedu, another education company with proven massive fraud claims against it.
...
Former Deloitte employee accuses LiLi Shan, a partner at DTT, of bribery and fraud
https://www.deloittefraud.com/lili-shan-bribe-fraud
On February 3rd, a former employee of a Deloitte Beijing group sent a 50-page PPT file to the company reporting “various non-compliant people and incidents during the four-year work period.” In this document, LiLi Shan, is accused of taking a bribe while working as the lead audit partner for RYB Education. RYB trades on the NYSE and has lost over -90% of it’s value.
LiLi Shan is also the lead audit partner for GSX Techedu, another education company with proven massive fraud claims against it.
...
Former Deloitte employee accuses LiLi Shan, a partner at DTT, of bribery and fraud
https://www.deloittefraud.com/lili-shan-bribe-fraud
Antwort auf Beitrag Nr.: 66.825.385 von faultcode am 04.02.21 19:04:07https://supchina.com/2021/03/02/will-chinese-education-compa…
Zwei gute Fragen!
...
The fall of Luckin and the uncertain future of GSX should not shock investors. The companies are products of poor incentive structures, including auditing quality, which has long saddled Chinese companies. The Chinese Communist Party classifies financial papers from its supposedly private companies as “state secrets,” which blocks U.S. regulators such as the U.S. Public Company Accounting Oversight Body (PCAOB) from access. According to the SEC, there are 224 U.S.-listed companies located in countries that prevent full PCAOB inspections, totaling $1.8 trillion in market value. The country with the largest share is China.
“The PCAOB/SEC have enough teeth [in the U.S.] that auditors do legitimately worry about running afoul of rules,” a former Deloitte employee in the U.S. told me. Meanwhile, in China, where the level of enforcement is weaker, audit quality sinks, and more fraudulent companies slip through the cracks.
In December, the U.S. government passed a law that empowered the SEC to delist Chinese companies from U.S. stock markets for refusing to heed oversight requests. “Had this legislation already been signed into law, U.S. investors in Luckin Coffee likely would have avoided billions of dollars in losses,” Rep. Brad Sherman, a California Democrat and an architect of the law, said in a release. The law is also too late for investors of GSX because enforcement won’t go into effect for a few years.
Justified skepticism of Chinese companies such as GSX epitomizes the coming challenges for global markets. Sovereign regions can produce disparate rules that inevitably distort the economy, leading to unfair competition. Despite unprecedented levels of animosity between the U.S. and China, the number of Chinese firms listing in the U.S. has only increased over time. That GSX continues to soar despite the controversy surrounding it bodes poorly for the future stability of markets.
Zwei gute Fragen!
...
The fall of Luckin and the uncertain future of GSX should not shock investors. The companies are products of poor incentive structures, including auditing quality, which has long saddled Chinese companies. The Chinese Communist Party classifies financial papers from its supposedly private companies as “state secrets,” which blocks U.S. regulators such as the U.S. Public Company Accounting Oversight Body (PCAOB) from access. According to the SEC, there are 224 U.S.-listed companies located in countries that prevent full PCAOB inspections, totaling $1.8 trillion in market value. The country with the largest share is China.
“The PCAOB/SEC have enough teeth [in the U.S.] that auditors do legitimately worry about running afoul of rules,” a former Deloitte employee in the U.S. told me. Meanwhile, in China, where the level of enforcement is weaker, audit quality sinks, and more fraudulent companies slip through the cracks.
In December, the U.S. government passed a law that empowered the SEC to delist Chinese companies from U.S. stock markets for refusing to heed oversight requests. “Had this legislation already been signed into law, U.S. investors in Luckin Coffee likely would have avoided billions of dollars in losses,” Rep. Brad Sherman, a California Democrat and an architect of the law, said in a release. The law is also too late for investors of GSX because enforcement won’t go into effect for a few years.
Justified skepticism of Chinese companies such as GSX epitomizes the coming challenges for global markets. Sovereign regions can produce disparate rules that inevitably distort the economy, leading to unfair competition. Despite unprecedented levels of animosity between the U.S. and China, the number of Chinese firms listing in the U.S. has only increased over time. That GSX continues to soar despite the controversy surrounding it bodes poorly for the future stability of markets.
Antwort auf Beitrag Nr.: 67.275.561 von faultcode am 03.03.21 01:16:33
cf.
https://twitter.com/John_Hempton/status/1375997838891446273
https://twitter.com/muddywatersre/status/1376011941622083584
https://twitter.com/QTRResearch/status/1376012936733454337
cf.
https://twitter.com/John_Hempton/status/1375997838891446273
https://twitter.com/muddywatersre/status/1376011941622083584
https://twitter.com/QTRResearch/status/1376012936733454337
Antwort auf Beitrag Nr.: 67.629.042 von faultcode am 28.03.21 12:20:19Wieso ist Hwang hier wohl long gewesen:
https://www.forbes.com/sites/antoinegara/2021/03/29/the-firm…
Das kann doch nur eine Shortsqueeze-Speulation (a la GME) gewesen sein. Hwang muss nix veröffentlichen (Family Office). Der war vermutlich massivst in den Betrügerfirmen long, er hatte ja alles in der Hand.
https://www.forbes.com/sites/antoinegara/2021/03/29/the-firm…
Das kann doch nur eine Shortsqueeze-Speulation (a la GME) gewesen sein. Hwang muss nix veröffentlichen (Family Office). Der war vermutlich massivst in den Betrügerfirmen long, er hatte ja alles in der Hand.
Antwort auf Beitrag Nr.: 67.629.042 von faultcode am 28.03.21 12:20:19der "Wirecard-Moment" bei GSX:
12.4.
Date for the diary: On April 30, GSX Techedu's auditor Deloitte is apparently set to give an opinion on the company's 2020 annual report and financial statements, acc. to @ResearchGrizzly
The US SEC is investigating $GSX, while reports of alleged fraud continue to pile up.
https://twitter.com/benjameslucas/status/1381573164296118276
12.4.
Date for the diary: On April 30, GSX Techedu's auditor Deloitte is apparently set to give an opinion on the company's 2020 annual report and financial statements, acc. to @ResearchGrizzly
The US SEC is investigating $GSX, while reports of alleged fraud continue to pile up.
https://twitter.com/benjameslucas/status/1381573164296118276
Antwort auf Beitrag Nr.: 67.786.703 von faultcode am 12.04.21 22:52:40Was ist nun mit deinem Wirecard Moment ?
Habe nichts gehört.
Habe nichts gehört.
Antwort auf Beitrag Nr.: 67.786.703 von faultcode am 12.04.21 22:52:40ab heute heißt $GSX nun $GOTU
Ansonsten: http://gsx.investorroom.com/Annual-Reports
..und was sagte der CPA Deloitte Touche Tohmatsu zum 20-F für 2020 am 26.4.2021 u.a.?
-->
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
--> der ganze Absatz "Definition and Limitations of Internal Control over Financial Reporting", aus dem das ist, ist neu hinzugekommen
So kann man es auch machen.
Ansonsten: http://gsx.investorroom.com/Annual-Reports
..und was sagte der CPA Deloitte Touche Tohmatsu zum 20-F für 2020 am 26.4.2021 u.a.?
-->
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
--> der ganze Absatz "Definition and Limitations of Internal Control over Financial Reporting", aus dem das ist, ist neu hinzugekommen
So kann man es auch machen.
Antwort auf Beitrag Nr.: 68.090.090 von faultcode am 06.05.21 19:29:30..und nun kollabiert auch diese offensichtliche Scheinfirma:
23.7.
China Considers Turning Tutoring Companies Into Non-Profits
https://finance.yahoo.com/news/china-considers-turning-tutor…
23.7.
China Considers Turning Tutoring Companies Into Non-Profits
https://finance.yahoo.com/news/china-considers-turning-tutor…
Antwort auf Beitrag Nr.: 68.856.969 von faultcode am 23.07.21 13:33:33Ja ich hatte Glück, bin mit Gewinn ausgestiegen.
Das es nun eine nonprofit Firma werden soll, welch eine Ironie für die Anleger mit Verlust.
LG der Orka
Das es nun eine nonprofit Firma werden soll, welch eine Ironie für die Anleger mit Verlust.
LG der Orka
Ob Felix Haupt hier wieder eine tolle Firma sieht ?
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GSX TECHEDU 48 HOUR DEADLINE ALERT: ClaimsFiler Reminds Investors With Losses in Excess of $100,000