I heard that they exagerated accounts receivables. Their sales in Xin Jiang was not so good. They just had a tentative sales agreement, yet they put that as A/R. Someone knows the company should explain why it dropped so much. It was said that Ben Wei could get $13 million out of this deal.
AMEX got so fed up with the company. BBC does not communicate well. It also lacks internal control as required now by Sarbanes-Oxley.