HRBN: Misfortune Cookie o' the Day

More Chinese f*ckery as US investors are cut in half in the shares of Harbin Electric ($HRBN) yesterday.

Ostensibly, the company makes electric motors (or so I’m told).  They also have a side business – creating massive capital losses for their shareholders.  Citron Research and Roddy Boyd were all over this thing since at least May.  I’ll send you over to explanation of what happened, it’s not worth my time to write about these animals right now.

Here’s what yesterday looked like:

Read More:

Harbin Electric: Loan Fraud and the Docs to Prove it.  (Seeking Alpha)