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.

Late on the 30th.
Between 2009 and mid-2010, the average China-based reverse merger was up several hundred percent-- the average!
Could you tell me what China did last night?
We stuck with our value-investing approach.
And with that approach and with our guidelines, that took us to a lot of China-based companies.
And we made several hundred percent on all of 'em.
Longwei Petroleum, bought them, $1, $1.50.
We sold, $5, $6, 500 percent profit.
L&L Energy, bought them for under $2, sold it between $9 and $10.
Puda Coal, bought them for around $4, sold them for around $7, great company.
China Agriculture, CAGC.
$9, sold them at $28.
All great companies.
We were back.
By 2010, Dan and the guys at Roth and Rodman were making a killing on the China stocks.
It seemed like it would never end, and maybe it wouldn't have, had it not been for one earnest young American businessman who'd gone to Shanghai to seek a completely different type of fortune.
The business I set up was the first self-storage business in mainland China.
It was called Love Box Self Storage.
World-class.
And we did win an award for self-storage facility of the year.
On the way to setting up that business, I co-authored "Doing Business in China For Dummies." Carson's father, a stockbroker back in the U.S., wanted to invest in Orient Paper, a company that Roth Capital had brought to the markets through a reverse merger.
The company claimed that it was doing $100 million in business a year and shipping tons of high-quality paper all over China.
It was one of the fast-growing companies that Roth and Rodman had sold and that investors like Dan had bought.
The goal was to do some research, make sure that it was legit.
His father would write up the report.