May 16, 2012 (Chinavestor) Ambo Education Holding (NYSE:AMBO) failed to file annual report today and plunged 20% by 2:00 PM. But it wasn't such a big surprise to many, the stock actually fell 42.7% since April 16!
It looks to me this is another failed reverse merger China stock. Chinavestor tracked 22 such delistings in 2011 and we have 8 so far in 2012... What a disgrace it is and what a disservice these companies do to quality Chinese companies.
We raised the red flag about reverse merger Chinese stocks in July 2011, and dedicated a whole newsletter to the topic: Chinese reverse mergers fail investors. Additionally, I lectured at the annual Apple Investors Summit two months earlier in Los Angeles about the topic, creating a "safe list" for investors to follow. Feel free to reach out to the author for details.
If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
