cranman
Bullish
now
$MOMO Here’s why the perceived risk of delisting is way overdone for MOMO: -Bill S.945 says any US-listed Chinese company that does not allow the Public Company Accounting Oversight Board (PCAOB), to review their audited financials over three consecutive years could be delisted. -According to PCAOB data, 90% of US-listed Chinese companies were audited by the Big Four accounting firms. MOMO’s auditor is Deloitte, the biggest of the Big 4. -The Bill provides ample room for a thoughtful resolution, without harming US-listed Chinese firms and their US investors. -Today US investors own over $1 trillion of US-listed Chinese firms.
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