The China Hustle Movie Script

Tom Snodgrass from, uh, Spring, Texas.

What attracted me to U.S.-listed Chinese stocks, were the high returns.

There was a lot of hype about them and a lot of attention.

I was hoping to have a nice retirement egg for my wife and myself.

I do not have a retirement plan at my job.

My wife doesn't have a retirement plan at her job.

Roth Capital, issued a buy recommendation.

The first company that really kind of caught my eye, was AgFeed.

Allegedly they were the largest feed producer in China.

My last shares, that I purchased, were $9 a share.

We recouped...12 cents on the share.

And, we had a total of about 26,000 shares.

What kind of loss did that represent for you, personally?

It represented, about a $150,000.

I think I lost well, well in excess of a $100,000.

My investment in these U.S. listed Chinese companies, represented at least 50 percent of my assets.

The prices tanked, and they were eventually, um, delisted and not tradable.

- Worth zero.

- Worth $0 per share.

We put our faith in the market, in our government to police that market.

And I think, uh, we got burned on literally every turn, in that particular transaction.

Roth Capital issued a buy recommendation.

I'm not sure that they visited the plant at all in China.

In fact, today, I'm not sure that there was a China Electric Motor company.

- How old are you, Ray?