Frigging hell how many warning signs do investors in AIM listed China stocks need? Today’s shocker comes from Germany where Ultrasonic – a shoe maker – has seen its shares crash by 79% in just one day. But there is a read across to some of our AIM listed frauds.
Ultrasonic’s problem is that its CEO and COO Qingyong Wu and Minghong Wu have disappeared without trace. At the same time all the cash in its PRC and HK bank accounts has disappeared. Sounds bad eh?
on ShareProphets | Comments