Jadeorstone.com, which bills itself as a “corporate investigator aimed at Chinese companies traded overseas” issued a report on Telestone Technologies Corp., a Beijing telecommunications company whose financial reporting and history were the subject of previous Sharesleuth reports.
- The company’s production capacity is roughly 75 percent below the figure listed in its official statements
- Telestone’s core wireless communications technology – WFDS 1 – is simplistic and easily duplicated.
- There are egregious gaps between Telestone’s reported revenue and income in its Securities and Exchange Commission filings and those in its local
Chinese tax filings.