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| Why the founder selling his stocks? | ||
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From: ChinaStock <chinastockwatch...@gmail.com>
Date: Mon, 13 Jul 2009 08:29:51 -0700 (PDT)
Local: Mon, Jul 13 2009 11:29 am
Subject: Why the founder selling his stocks?
When chinese real estate come back little, Xin will take advantage it
by using the percentage of completion method to overstate and to recognize in advance their revenues. there is no comparison between Xin and other public companies listed in hong konw which use the completion accounting method. If I be the investors and founders, I also will sell my shares at
there are also material weekness in Xin's annual report. It looks the
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