Citron Looks at China Finance Online (NASDAQ: JRJC)

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As JRJC heads toward a billion dollar market cap, Citron Research encourages all investors to look at the company’s website :

http://www.chinafinanceonline.com/

Folks, the company sells a group of newsletters to Chinese stock speculators with names like “Quick Profits” and  “Storm” and “Stock Radar”.  They sell by telemarketing, and they have plans to increase their telemarketing staff again next year. Read more

Citron Updates Home Solutions of America. (Nasdaq:HSOA)

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“Fraud and falsehood only dread examination, Truth Invites it”
Samuel Johnson

Among the accounting scandals that wrecked Wall Street titans like Enron, WorldCom, Adelphia, Rite-Aid, and Refco one of the recurring themes was an all-too-cozy relationship between management and directors and the business that they did. The specific channel through which many of their fraudulent transactions were pushed was the vehicle of so-called “related party transactions”. Read more