pablo23 Feb 2012 14:44
thanks, that was good reading. If the best negative article that can be cobbled together consists of a frustrated NAMED competitor blowing off hot air and the local UNNAMED "government" (province official) trying to cover his ass because the achl figures blow a big hole in his "official" province production figures, then i'm not worried.
"It is unclear how Litian Xinfeng could contribute 62% and 87% of the whole county’s citrus output and revenue when its citrus plantations amount to no more than one-fifth of the county’s plantations by area."
What's unclear? Either ACHL are lying, or the local UNNAMED council bod has been under-reporting for years and has a fat pile of cash under his mattress and a grudge. There is no mystery there.
2. organic claim.
"not all the production is organic shocker" is all the market organic? Of course not, this is common sense.
3. local officials in Litian are "unsure" about how much we produce. But not "unsure" enough not to put in an "official" province production filing to central gov....apparently.
4. supermarkets deny who their supplier is and don't display who their supplier is to a muppet on the phone...well no $hit. But up market dept stores do have the branded premium oranges on their shelves.
5. Biological asset valuations by third party are unreliable..."3rd partys only spend 5 days on site visiting"...so did the author do a month of field visits himself to get the "true" figures....err no. why not?
6. Significant discrepancy in SAIC filings....yawn...
7. Related party recently exposed as fraudulent....yawn...
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