SPU - Sky People

[SpecOps]

One of these Chinese reverse merger stocks so unsurprisingly cheap, but management seem to have gone further than most to try and prove this companies real, maybe its for real after all?

 

http://investingsidekick.com/sky-people-fraud-nasdaqspu/

[ItsAValueTrap]

It seems that they have retained the services of the following companies:

 

1- CCG Investor relations.  If you look at Sky People's domain registration, CCG shows up.  http://whois.domaintools.com/skypeoplefruitjuice.com

Many Chinese frauds have retained the services of CCG.  (*Guilt by association is not evidence of fraud.  However, I would definitely dig deeper.)

 

2- Their website is powered by Equisolve... which to me is a very "interesting" company. 

 

Equisolve has an excellent resources page.  http://www.equisolve.com/resources/investor-relations-firms

 

*Equisolve and CCG have a joint article on Equisolve's website.  It makes sense that the website is "powered" by one company even though the domain registration suggests that another company did the website.

[gary17]

Their juices were actually sold in T&T supermarket in Vancouver. It sucked...Tasted like crap.

[yadayada]

their margins are a bit fishy for some crappy juicy company, and not paying anything to shareholders with those amounts of cash? Really?

 

with investing, if there is doubt, dont invest.

[moustachio]

Even if they weren't a fraud, why would you invest in a company that would have that much cash on their balance sheet and not buy back a ridiculous amount of shares? It doesn't make any sense. What kind of returns do you get for buying back shares of your company when it trades for less than net cash and .5 sales? It would be like plucking money off of a money tree. This kind of thing is one of the biggest red flags for frauds. Money comes in from shareholders when they don't appear to need it, but never goes back to shareholders even when returns would be ridiculously good. It is a fraud.