[tick_tock_tick]

What a horrible article most investors understand Chinese companies lie about their number all the time. The non Chinese example is WeWork which was completely rejected by the market and failed to go public?

[gandalfian]

And Enron, Olympus, bt, WorldCom, Tesco, those people who bought dragon dictate and the African firm whose balance sheet was entirely supported by a large green gemstone. Just to name a few off the top of my head. Trying to work out a firm's true assets, liabilities and income is a genuine problem.

[thesz]

By referring to large green gemstone, do you refer to The Hot Rock novel main plot goal? If so, it is unbelievably appropriate.

[neximo64]

What’s this gemstone company?

[gandalfian]

Turns out it was red, but was an £8000 african stone but ended up in an english company as a 200,000 stone and then transferred to a bankrupt english construction firm as an 11 million pound asset! Ended in tears. Unclear what eventually happened to the stone. https://www.google.com/search?q=Gem+of+Tanzania

[surfmike]

And was rejected before the current crises.

[grey-area]

This downturn started last year.

[IAmEveryone]

Yes, the S&P500, that very Chinese index...