Friday, January 22, 2021

Chinese Tech Companies Bef NYSE to Reconsider Delisting

Well, here they come: hats in hands, a group of Chinese tech company officials have requested the NYSE reconsider their delisting at the end of the month. Realizing the economic impact of the move on thie company's valuation, they beg to be allowed to sell their crap to gullible American investors. Now these are the same running dogs whp professed that they have every right to make accounting rules that diverge from GAAP, or generally accepted accounting rules subject to outside scrutiny by impartial auditors. Now we know what they really want: an excuse to keep their businesses safe from outside investigation that may expose: 1) partnership with the Communist Party, 2) control from Beijing,3) names of owners/principals, 4) conduct that rings of monopoly, 5) apparent theft of trade secrets and proprietary informatiom, 6) relationships with other state actors that quash competition w/i a given tech sector. We'll see what the Biden Administration decides to do, if anything, given its strong stance against Chinese geopolitical moves over the last 4 years andthe pivot of the prior administration to counter various Chinese efforts to move on to the international stage by buying and or leasing port facilities around the world, and creating airbase islands in the South China Sea. Keep focused on these dealings with Chinese Tech companies.

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