March 16, 2011
/PRNewswire/ -- GeoInvesting.com would like to invite investors to read the following column on
. Here are a few excerpts from the article:
We have been adamant that in order for the ChinaHybrid space to flourish, companies need to abandon silly capital raises at asinine P/E multiples. Instead, during 2010 and into 2011 many ChinaHybrids have scurried to the deal flow ticket window to take a ride on the dilution train that left the station in 2009 – even companies like
(Nasdaq: TSTC) and
Zst Digital Networks
that had clearly hinted they wouldn't.
We get the sense that many Chinese RTOs want to attempt to raise funds before the completion of year end audits, private due diligence investigations and SEC probe activities that could potentially expose less than savory company behavior.
is a case in point. On
December 9, 2010
the company announced a convertible
, despite the fact that it allegedly has
in the bank. Well just yesterday, the company issued a
announcing that it had appointed a special committee of the Board of Directors to investigate potentially serious discrepancies and unexplained issues relating to the Company and its subsidiaries' financial records identified by the Company's auditors. The stock has been halted.
China Integrated Energy
as it headed into 2011, despite a "healthy" cash balance.
(NYSE Amex: SIHI) just jumped on the
this morning. The SEC needs to define a new set of rules that govern the Chinese RTO capital raise process.