Rank: Elder Joined: 2/10/2007 Posts: 1,587
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CapitalMarketsGeek wrote:I want to register my doubt about Centun, last year a friend of mine itroduce me to Centun, he was very excited about the company so I decided to check it's website, then they had "our portfolio" where you could see how they have invested, what got my eyes was how bogus their valuation was, for instance, and get these right, last year inspite recording profit... ALL THIER POSITIONS in listed stocks were in RED( the value of their investment in publicly trader companies were negative), whereas, the value of thier holdings in closed companies, companies that is hard to value was most of them 200% to 300% their cost. These is a RED FLAG!!!!! Earning manipulation. I know so loyalt investors wouldn't like this but if a company claim its profitability from only closed companies then its rises questions. So telling me that they have now open a vehicle in Virgin highlands even add more doubt, I am a trained analyst, I have worked for both public trade companies and Hedge funds, The biggest reason why companies open investment vehicles off-shore is to manange their earnings, British virgin island is popular for accounting malpratices, off-balance arrangements, accrual reportings... name them all thats where all these bogus Hedge funds tranfer their liabilities, finance their payables, capitalize their expenses instead of expensing.... I am not saying Centun is a fraud but don't close your eyes! I am not sure whether you have got all the facts correct. I think their listed companies are doing well. Look at carbacid that has returned almost 300% in just a period of about 1 year. which ones are in the red?
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