FUQI Down for the count??

I still think the future looks bleak here, On june 30 the company annouced that they were unable to produce the filings and gave no guidance on when they could be produced. Second how do you know you're not over paying for FUQI if you buy it now? There are no filings, besides incorrect ones to guage FUQI value.

Even in the great GDP machine called China, there will be companies that will fail ... piss poor management ... nuff said.

What leads you to believe that when and if FUQI does produce the filings that they will be any reasonable measure of FUQI future potential market value?

Has anyone quantified the liabilities facing the company from shareholder lawsuits? FUQI earnings could be potentially ruined for years.

FUQI is the worst house, on the best block in the neighborhood (China), except FUQI was built on a sinkhole and the rising property values in FUQI's neighborhood will not be enough to pull it out of the ground.

Other than as a trade, this is one case where the juice may not be worth the squeeze.

With over 5 million shares traded today (10x avg daily volume), this could signal capitulation in the stock price, and it could be due for a short term bounce. 9 month chart below. Click to Enlarge.