tag:blogger.com,1999:blog-4815867514277794362.post4145951153812146655..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: China Agritech: more photos - more detailJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-4815867514277794362.post-1438974978944911172011-02-13T00:07:50.657+11:002011-02-13T00:07:50.657+11:00The Rosen Law Firm Files Securities Class Action C...The Rosen Law Firm Files Securities Class Action Charging China Agritech, Inc ...<br /><br />Trading Markets (press release)<br /><br />The Rosen Law Firm, PA today announced that it has filed a class action lawsuit on behalf of investors who purchased the common stock of China Agritech, ...<br /><br />http://bit.ly/dLJBlJpolit2khttps://www.blogger.com/profile/08184279620350984044noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-90048164631361624482011-02-12T09:34:45.139+11:002011-02-12T09:34:45.139+11:00Anonymous: The whole nature of a blog is that it d...Anonymous: The whole nature of a blog is that it does not provide investment advice, because it's a free resource put together with limited information available at time of publication. If you want to pay Mr. Hempton to provide you with investment advice or complete vetted reports on short recommendations, I imagine the price is significantly higher. Furthermore, every possible short position I've seen mentioned on this blog has included <b>numerous</b> provisos that the author is not certain, that shorts are risky, that he has only a small position, etc. So you really have no decent argument here.najdorfnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-40016869089524945692011-02-12T07:33:11.713+11:002011-02-12T07:33:11.713+11:00Lucas McGee DID visit the right site!
Compare the...Lucas McGee DID visit the right site!<br /><br />Compare the photo in Lucas McGee's report to the photo to the Letter to the Shareholders from the CFO.<br /><br />Same facility, boys!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-11785827877507036022011-02-12T01:33:44.154+11:002011-02-12T01:33:44.154+11:00I am the one who closed out the puts for a loss.
...I am the one who closed out the puts for a loss.<br /><br />I said I fully accept responsibility for the loss, and I understand the risks.<br /><br />All I am saying is that care be taken that Bronte Capital has all of their ducks in a row prior to publishing commentary. It's like yelling fire because someone lit up a cigarette. If you want to maintain credibility you have to take reasonable steps to be certain of what you write before publishing. I understand that nothing is infallible and that proving a negative is nearly impossible. Frankly I think CAGC very well might be a scam, but proving that is another story, and of course stock price is still another story at that.<br /><br />Anyway it wasn't alot of money, more just the principle of the thing. I do enjoy the blog and sorry if I came across sour grapes, yesterday was a frustrating day for alot of reasons.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-41485917129798926782011-02-11T18:32:01.903+11:002011-02-11T18:32:01.903+11:00For the person who closed his put position at a lo...For the person who closed his put position at a loss - a refresher on investing 101:<br />- the market can go up as well as down<br />- the market can stay unreasonable for longer than you can stay solvent (apols. to Keynes)<br />- if you don't like taking losses then put your money in govt bonds<br /><br />In the markets there is always money at stake and so diverging opinion with elusive facts. If you want sure things then you're in the wrong place. This is a great blog but it's the product of one man's efforts whose main occupation managing money not writing for you! It cannot therefore be perfect. If you are putting capital at risk solely on the basis of what you read here then you have no one to blame but yourself. Do your own research. Take responsibility.Nordtradernoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-15579133514406721132011-02-11T16:20:59.485+11:002011-02-11T16:20:59.485+11:00John, as for the small quantities sold, YONG has a...John, as for the small quantities sold, YONG has a similar concept. The company sells fulvic acid products that are for "farmers", but the quantity in each bottle is only 3.38 ounces (100 ml). There is very little research that suggests fulvic acid products are effective on plants and animals. The product that is sold to treat mastitis in cows is to be used over a long period of time, however we found a study that shows consumption can treat cows within 24hours, versus the few weeks that YONG suggests using its products for.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-70832419275310121092011-02-11T13:53:41.174+11:002011-02-11T13:53:41.174+11:00To the person who closed puts at a loss...
(a) ...To the person who closed puts at a loss... <br /><br />(a) my usual position is 50bps to 1 percent short stuff like this, and<br /><br />(b) UTA is trading above where I wrote about it.<br /><br />The market is weird. Never said otherwise.<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-44494172258162071322011-02-11T13:53:40.396+11:002011-02-11T13:53:40.396+11:00To the person who closed puts at a loss...
(a) ...To the person who closed puts at a loss... <br /><br />(a) my usual position is 50bps to 1 percent short stuff like this, and<br /><br />(b) UTA is trading above where I wrote about it.<br /><br />The market is weird. Never said otherwise.<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-24559818631060032412011-02-11T13:53:38.737+11:002011-02-11T13:53:38.737+11:00Could you please recommend what steps to take in o...Could you please recommend what steps to take in order to hire either a lawyer or private eye in different chinese provinces to fulfill some simple, physical due dilligence? Actually, anyone who can be trusted, if that makes sense.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-57818676132906235432011-02-11T12:45:39.325+11:002011-02-11T12:45:39.325+11:00Investors, potential investors, short sellers, pot...Investors, potential investors, short sellers, potential short sellers may wish to review a 5 year price chart of an American issuer called Converted Organics (COIN) as they had/have a similar business model. Things have not turned out as rosy as they were hyped up to be 3 years ago.<br /><br />FD: zero conflicts, prefer smoking POT(ash) et al.NJ Sleuthnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-29008029029095632702011-02-11T12:25:59.282+11:002011-02-11T12:25:59.282+11:00It must be a thinly traded stock, or shorted to th...It must be a thinly traded stock, or shorted to the hilt. My broker couldn't find any shares to borrow for a short. Nice that they're at least not allowing the naked shorting now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-70735607969267678292011-02-11T10:43:01.502+11:002011-02-11T10:43:01.502+11:00I closed out some puts today at a loss that I boug...I closed out some puts today at a loss that I bought because of your blog and the LM report.<br /><br />Perhaps if you people are in the business of exposing scams you ought to be a little more careful before publishing this stuff. I realize I am the one with the ultimate decision with regards to buy or sell. But if you want people to continue to listen to you, you need to be less reactionary and more accurate in your reporting. I understand the jury is still out on this matter, but it certainly seems as you are backtracking big time, and the company certainly posted a believable response to all of this.<br /><br />Frustrating.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-74678599418296468322011-02-11T07:47:12.019+11:002011-02-11T07:47:12.019+11:00they sure put together a convincing letter...and I...they sure put together a convincing letter...and I haven't watched the video but if they're producing 6-10,000 bags of fertilizer/day shouldn't they have pallets of the stuff in the "loading area". or have pallets not made their way to china? They should be kicking out at the very least 100 pallets a day. <br /><br />Though I don't think production capacity = actual production. The company cites 200k tons of capacity. actual production could be 25k, who knows? I haven't done the revenue math.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-59700993667306832522011-02-11T07:26:50.812+11:002011-02-11T07:26:50.812+11:00John has your short thesis changed at all in light...John has your short thesis changed at all in light of the factory size being larger than anticipated. You mention, "indeed it was a large site with more than one gate." I'm curious if you still believe the L.M. research to be on the up and up.dave hnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-68516388406831911382011-02-11T05:32:02.107+11:002011-02-11T05:32:02.107+11:00Seems like Google Earth might come in handy for th...Seems like Google Earth might come in handy for this one.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-50152427133147395722011-02-11T03:47:44.996+11:002011-02-11T03:47:44.996+11:00It seems that they have indeed a larger plant but ...It seems that they have indeed a larger plant but it's strange that it is under an adress they have never filed in their annual reports and statements. their picture clearly shows the same plant that L McGee photographed.<br />This is all really strange and smells fishy but i have to admit their shareholder letter IS a strong response towards LM.<br />Whether their numbers are correct and whether they really sell as much stuff as they claim at the price they claim is a different matter alltogether...fxnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-15412640780052445702011-02-11T03:05:22.674+11:002011-02-11T03:05:22.674+11:00http://app.quotemedia.com/quotetools/newsStoryPopu...http://app.quotemedia.com/quotetools/newsStoryPopup.go?webmasterId=91004&storyId=38394557&topic=CAGCT + Ahttps://www.blogger.com/profile/08211898223145505888noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-52070712734777044642011-02-11T02:17:10.004+11:002011-02-11T02:17:10.004+11:00Did you see their shareholders letter? They contai...Did you see their shareholders letter? They contain some photos. I don't know what to believe now.<br /><br />http://www.chinaagritechinc.com/Shareholder%20Letter%20Final%20Final.pdfAnonymousnoreply@blogger.com