Jetion's announcement today perfectly illustrates the risks of investing in China based small caps.
We have actively followed since float at www.investorschampion.com
Not sure what you mean actually - are you referring to the change in accounting policies or the provisioning against inventory/supplier prepayments or both or neither? The accounting change apparently relates to a switch from merger to acquisition accounting for the pre IPO reorganisation and it's clearly a bit annoying that it took two years for the auditor to twig on this. Sales and gross profit are however at least in line with market expectations so it looks like incompetence, rather than anything dodgy?
www.stockopedia.com/news/announcement/JHL/090409jhl4117q.htm
