A healthy dose of skepticism and distrust fences away being a patsy..

" Andrew Ross Sorkin revealed that Paulson had met with the entire board of Goldman Sachs in a Moscow hotel suite for an hour at the end of June 2008. He told them his views of the US and global economies, he previewed a market-moving speech he was about to give, and he even talked about the possibility that Lehman Brothers might blow up. Maybe it’s not so surprising that Goldman Sachs turned out to be so well positioned when Lehman did indeed do just that a few months later."

Congressional Insider Trading

" In the past few years awhole new totally unregulated, $100 million dollar industry has grown up in Washington calledpolitical intelligence. It employs former congressmen and former staffers to scour the halls of theCapitol gathering valuable non-public information then selling it to hedge funds and traders onWall Street who can trade on it."

Chaoda dumping Asian Citrus shares

Selling out 100 million shares @ $4.66 because ...

"In view of the market volatility, the Directors consider that it is in the best interests of the

shareholders of the Company to carry out the disposal of the Placing Shares. The maximum

gross proceeds from the Placing will be approximately HK$466 million and the net proceeds

from the Placing will be approximately HK$461 million, which will be used for general

working capital of the Group.

The Company estimates to recognise a loss of approximately HK$91 million in the accounts

of the Company taking into account the net proceeds to be received immediately upon

completion of the Placing. "

The reason for selling is because of "market volatility"??!! Selling out at near all time lows?

Chaoda reported (end 2010) having ~$2b in cash and supposedly generates ~$3.5b cash from operations is raising cash for general working capital? They have another ~66m shares of Asian Citrus left at $4.66/share (will be much less after tomorrow) is worth another ~$300m.

$2b in cash + $750m in Asian Citrus shares = $2.75b

Market Cap of Chaoda is $3.62b and not much debt.

Smells like desperate cash raising to fill in some holes..

Sino Forest "Not the "Near Total Fraud""

Sino Forest says .. ."We can categorically say Sino-Forest is not the “near total fraud” and “Ponzi scheme” as alleged by Muddy Waters"

To see what a difficult task the Advisors to the Independent Committee had:

- Over 300 bank accounts, only checked 28 of them that contained 81% of the funds. Couldn't check the rest for overdrafts

- Forestry Bureau(s) not willing to confirm agreements since they may not be legal, or they may even be on SF's payroll.

- Third party AI and supplies not willing to provide any information

- Contracts based on verbal agreements and personal relationships

- Internal Sino Forest systems in a mess. Staff using third party email addresses and documents not backed up or deleted.

- Uncooperative management.

- and so on..

Given the extensive and amusing list of "challenges" the IC had in their investigation, Sino Forest management must be awarded top marks for creating such a positive spin in their release, which is certainly entertaining but not very reassuring to shareholders.

Interim report from the Advisors to the Independent Committee.

The ex Chairman/CEO/Founder Allen Chan and Mr Bowland an independent director and member of the 3 person team looking into the fraud allegations must have resigned for no reason at all.

HK finest running brothel

Discipline in those sensitive places.

ICAC arrested 5 of the finest who were running a brothel over 2 floors in a Kwun Tong building. The finest spokesman said, ".. officers should not visit sensitive places when they are off duty" or "They would face disciplinary action..".

Wanted: First Natural Fujian Fujitives (1076.HK)

Thieves wanted by the SFC - Dead or alive, preferably the former....

The SFC is trying to contact these people who it believes have information relevant to a current enquiry. If you know where they are or have information concerning them, please contact the SFC at (852) 2231 1000 or write toleadsplease@sfc.hk.
	Name: Yeung Chung Lung (楊宗龍) Nationality: Chinese Sex: Male Date of birth/ age: 7 September 1952 Place of Birth: China	Descriptive Information: He was the Chairman and Executive Director of First Natural Foods Holdings Ltd (HK listed stock code 1076, now in provisional liquidation) until his office was vacated on 27 August 2009. The 2007 annual report of First Natural Foods Holdings Ltd shows that he was a member of the Fujian Province Fuqing City Committee of Chinese People’s Political Consultative Conference (政治協商會議福清市委員會) and the Vice-president of the Fujian Province City General Chamber of Commerce (福建省福州市工商聯合會). He is the father and father-in-law of Yang Le and Ni Chao Peng respectively. Yeung is believed to be in Mainland China.
	Name: Yang Le (楊樂) Nationality: Chinese Sex: Male Date of birth/ age: Around 35 years old	Descriptive Information: He was the Chief Executive Officer and Executive Director of First Natural Foods Holdings Ltd (HK listed stock code 1076, now in provisional liquidation) from May 2001 to December 2008. He is the son of Yeung Chung Lung. Yang is believed to be in Mainland China.
	Name: Ni Chao Peng (倪朝鵬) Nationality: Chinese Sex: Male Date of birth/ age: Around 37 years old	Descriptive Information: He was the Executive Director of First Natural Foods Holdings Ltd (HK listed stock code 1076, now in provisional liquidation) from May 2001 to December 2008. He is the son-in-law of Yeung Chung Lung. Ni is believed to be in Mainland China.