Harbin Electric to the SEC : “The Dog Ate My Homework”
Yesterday after the close of trading Harbin Electric (Nasdaq: “HRBN”) filed an updated explanation of its purported $38.8 million dollar acquisition of raw land in Xi’an.
Reading the 8-k filing is like listening to a schoolboy come up with colorful excuses why he didn’t come to school with his homework – in short, it’s a Chinese version of the old hokum, ‘The Dog Ate My Homework’ (shout out to my dear friend who came up with that gem in a phone call with me last night!).
Discounted Cash Flows and the Interdigital (IDCC) Auction
September 20,2011
Interdigital (IDCC) is a patent holding company that put itself up for sale on July 18th of this year. Holding over 8,800 patents with thousands more applications awaiting approval, IDCC’s core strength revolves around the growing area of LTE/4G. Read more
The Curious Case of Harbin Electric
Tuesday September 06, 2011
Much ink has been spilled over the controversy surrounding Harbin Electric (Nasdaq: HRBN). Ostensibly billed as a Mainland, China manufacturer of linear, industrial and specialty motors, Harbin is virtually one of the last-standing Chinese RTOs Read more