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Poster Name:
FKIT

Poster Message:
A fraud report surfaced on Puda Coal Inc. (Nasdaq: PUDA) from Alfred Little, sending the shares down 10 percent today. From Little's Report: "Considering the 2009 and 2010 audited financials can no longer be relied upon, and more importantly the complete lack of internal control that allowed Chairman Zhao to first steal the company, then sell half the company (pocketing the proceeds) and then pledge the other half of the company to a Chinese PE fund while piling on $530.3 million of 14.5% debt, I strongly believe $2.66 is the most this stock is worth today."