The China Hustle Movie Script

杰瑞发布于2023-12-03

An unsettling and eye-opening Wall Street horror story about Chinese companies, the American stock market, and the opportunistic greed behind the biggest heist you've never heard of.

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?