The makers at the end claimed Alibaba, a Chinese company, was fraud. After a few years, we now know it isn't. Will the makers be issuing a clarification on that?
There was no scientific data presented to analyze any of the companies. The lead guy says he analyzed a fertilizer company by placing a camera outside their offices. And just because there weren't many trucks seen there, the company was fraudulent. Also, he said the cameras recorded only for 344 days showing no trucks. So, were there trucks on the rest of the days that you left out? These Americans in the documentary had a clear agenda - which was the short the new Chinese companies, then throw fake propaganda at them, then profit when the stock plummets.
The documentary starts off by telling us the perspective of a few Americans who apparently unearthed a few frauds. Towards the end, the xenophobia caught up to them to the level that one guy called the entire Chinese society as flawed, whereas the American society is so great. Oh thanks, who knew? And what a coincidence that you are American.
Another question of concern here is that they claim the Chinese companies list their accurate financial statements with the Chinese regulators and that an American bank brings these Chinese companies to America (presumably as stocks or ADRs). They claim that their values are inflated in America and not in China. So who is the fraud here? Aren't the Americans? Then why did one guy exclaim towards the end that the Chinese society is flawed?
It was so funny to watch this. The most bizarre and horrendous documentary ever made. One guy is sitting outside his house talking to some old people trying to make some jokes (wise-cracks) which fall flat, then driving through Flint, Michigan, trying to show him off as the hero just because this he is the only one in the documentary who's from Flint. Complete joke!
Thanks for the laugh though. Take my one star.The worst, most non-scientific, and funniest finance documentary in the history.
There was no scientific data presented to analyze any of the companies. The lead guy says he analyzed a fertilizer company by placing a camera outside their offices. And just because there weren't many trucks seen there, the company was fraudulent. Also, he said the cameras recorded only for 344 days showing no trucks. So, were there trucks on the rest of the days that you left out? These Americans in the documentary had a clear agenda - which was the short the new Chinese companies, then throw fake propaganda at them, then profit when the stock plummets.
The documentary starts off by telling us the perspective of a few Americans who apparently unearthed a few frauds. Towards the end, the xenophobia caught up to them to the level that one guy called the entire Chinese society as flawed, whereas the American society is so great. Oh thanks, who knew? And what a coincidence that you are American.
Another question of concern here is that they claim the Chinese companies list their accurate financial statements with the Chinese regulators and that an American bank brings these Chinese companies to America (presumably as stocks or ADRs). They claim that their values are inflated in America and not in China. So who is the fraud here? Aren't the Americans? Then why did one guy exclaim towards the end that the Chinese society is flawed?
It was so funny to watch this. The most bizarre and horrendous documentary ever made. One guy is sitting outside his house talking to some old people trying to make some jokes (wise-cracks) which fall flat, then driving through Flint, Michigan, trying to show him off as the hero just because this he is the only one in the documentary who's from Flint. Complete joke!
Thanks for the laugh though. Take my one star.The worst, most non-scientific, and funniest finance documentary in the history.