Registered: Mar 2002
04-12-11 01:40 PM
Unlike some of the Chinese frauds of recent weeks where the stocks have been "found out" quickly, IOC has been a controversial stock for years.
I'm just bumping this thread because I see that it is gapping lower in the premarket today. It could be the start of a big move lower, or, could just be a small move down based on brokerage downgrades of the stock.
There are plenty of links earlier in this thread from various authors who believe that the company is a fraud.
I have no position because this saga has been going on for years and even though it could be a fraud I'm not (yet) convinced that it is.