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Getting ready to do some short selling, are we?
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.
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!
Great find man!
What's RV? And nice find on that index. Had no idea that was already aggregated.
custom index?
RV = relative value Bloomberg comes up with indexes for everything.
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.
Also posted on ZeroHedge: http://www.zerohedge.com/article/complete-list-all-chinese-reverse-merg…
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.
Thanks Eddie and Money.
Reverse Mergers (Originally Posted: 10/20/2008)
Hi to all. I’ve searching web to obtain information/case studies on reverse mergers, specifically on Korean companies who have undergone one in recent years. It’s been difficult to find this information. Is there anyone that may know a link, website or even a Korean company who has been through a reverse merger? If so, what ticker are they trading under in the U.S.? I would appreciate anyone’s help.
Thanks
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