30-08-2013, 11:29 AM
http://investingsidekick.com/more-on-sino-grandness/
Now when it comes to Sino Grandness, I don’t personally believe it is a fraud as Goldman Sachs have made an investment themselves, but that doesn’t mean there hasn’t been any manipulation of accounts. For an individual investor like myself it simply isn’t possible to confirm either way. What I do know is that the risk is real and the first rule of investing is don’t lose money. If there is manipulation going on then the listing of Garden Fresh in Hong Kong will fail and huge debt will be piled on the company – in the best case scenario. It’s not a risk I’m willing to take.
Now when it comes to Sino Grandness, I don’t personally believe it is a fraud as Goldman Sachs have made an investment themselves, but that doesn’t mean there hasn’t been any manipulation of accounts. For an individual investor like myself it simply isn’t possible to confirm either way. What I do know is that the risk is real and the first rule of investing is don’t lose money. If there is manipulation going on then the listing of Garden Fresh in Hong Kong will fail and huge debt will be piled on the company – in the best case scenario. It’s not a risk I’m willing to take.