Just want to see if any of them are part of etfs which can be disected. Might as well jump on the short wagon since it looks like the big boys are doing it.

"The higher up the mountain, the more treacherous the path" -Frank Underwood
 
Best Response

Here is a BBG grab of the Chinese reverse merger index:

http://imgur.com/UPR1r.gif http://imgur.com/P69Mr.gif

BTW, while you might find another fraud I think a RV play is opening up. Some legitimate Chinese business stocks have gotten pretty damn mispriced because everyone is bailing. There is some value that can be extracted by doing a long/short basket. Look into it.

 
baddebt88:
Here is a BBG grab of the Chinese reverse merger index:

http://imgur.com/UPR1r.gif http://imgur.com/P69Mr.gif

BTW, while you might find another fraud I think a RV play is opening up. Some legitimate Chinese business stocks have gotten pretty damn mispriced because everyone is bailing. There is some value that can be extracted by doing a long/short basket. Look into it.

Silver banana for u! Thank you!

"The higher up the mountain, the more treacherous the path" -Frank Underwood
 
baddebt88:
Here is a BBG grab of the Chinese reverse merger index:

http://imgur.com/UPR1r.gif http://imgur.com/P69Mr.gif

BTW, while you might find another fraud I think a RV play is opening up. Some legitimate Chinese business stocks have gotten pretty damn mispriced because everyone is bailing. There is some value that can be extracted by doing a long/short basket. Look into it.

Great find man!

People like Coldplay and voted for the Nazis, you can't trust people Jeremy
 

What's RV? And nice find on that index. Had no idea that was already aggregated.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 

This may be a dumb question but:

When a chinese company performs a Reverse Merger with a US listed company, are their books simply reflected on the new companies balance sheet/income statement via simple conversion between chinese and US accounting standards via the info the company disclosed, or is an auditor brought in to verify?

If my question is stupid I apologize.

 
Nyctola:
This may be a dumb question but:

When a chinese company performs a Reverse Merger with a US listed company, are their books simply reflected on the new companies balance sheet/income statement via simple conversion between chinese and US accounting standards via the info the company disclosed, or is an auditor brought in to verify?

If my question is stupid I apologize.

There is no such thing as a stupid question. The auditor checks the books but does not go to china to verify tangible assets.

"The higher up the mountain, the more treacherous the path" -Frank Underwood
 
Walkerr:
Can someone please explain why you would go short in the case of a reverse merger?

Generally speaking, if a company doesn't meet the normal listing requirements and has to "back in" to a stock market listing, it's because the company is some kind of scam. Either the numbers aren't real, or there's something that wouldn't stand up to the financial audit required of a company filing for IPO.

In other words, 99% of reverse mergers happen because the assuming company has something to hide and therefore represents a worthwhile short.

 

While that may be true with US companies, for international companies it is not always. For example due to regulations by the Chinese gov, the only way for Chinese companies to publicly list in the US is through a reverse merger. Going public through a reverse merger does not necessarily indicate the hiding of something.

 

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