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.