Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: kelbon Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 21176  
Subject: Re: Kandi getting some respect Date: 7/8/2013 11:42 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Such a cynic Kelbon.

You bet.

But wait, there's more.


http://www.bloomberg.com/news/2012-05-09/short-seller-drops-...

Snip:

Carnes, who is married with children, wore open-collared shirts and a black Ermenegildo Zegna jacket at two interviews in downtown Vancouver last month. He said he made a $2.5 million profit shorting Silvercorp Metals Inc. (SVM), a Vancouver-based company that mines silver in China. The shares slid 20 percent on Sept. 13, the day a report questioning Silvercorp’s deposits and production was published on alfredlittle.com.

Police Investigation

The British Columbia Securities Commission is probing Carnes’ allegations about Silvercorp. Carnes says he’s cooperating with SEC investigators and Canadian police.

Lorne Waldman, a spokesman for Silvercorp, Richard Gilhooley, a spokesman for the British Columbia watchdog, and John Nester, an SEC spokesman, declined to comment. Sergeant Duncan Pound, a spokesman for the Royal Canadian Mounted Police, said an investigation by his force is continuing and declined to comment further.

A request for comment to Puda Coal’s offices in China wasn’t immediately answered.

Silvercorp named Carnes in a lawsuit filed in the State Supreme Court of New York alleging defamation. Sino Clean Energy Inc. (SCEI) and Deer Consumer Products Inc. (DEER), also targets of reports on alfredlittle.com alleging fraud, have also each filed complaints in the same court alleging defamation.



Whatever the outcome. I wouldn't make investment decisions that could possibly be influenced, in any way whatsoever, by this guy.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement