SkyPeople Fruit Juice (SPU)

SPU is the company that led me towards Equisolve and developing a better understanding about how pump and dumps work*Disclaimer: I am not saying that Equisolve caters to pump and dumps.  Maybe they do, maybe they don’t.  You should form your own opinion based on your own research.

The domain registration for skypeoplefruitjuice.com shows contact information for Mark Lazatin at CCG Investor Relations.  (Not that this matters, but LinkedIn and his new employer’s website suggests that he has moved to a new job.)  The domain registration suggests to me that CCG built SkyPeople’s website and controls the domain registration.  It so happens that many Chinese reverse merger frauds retained CCG for investor relations services before they blew up.  While I don’t believe that ‘guilt by association’ is evidence of fraud, it is a red flag in my opinion.

I find it interesting that other people are on the fence about whether or not the company might be a fraud.  Investingsidekick.com has an interesting blog post on the company.

*Disclosure:  No position.  I am not saying that the company is a fraud and I don’t know for sure if it’s a fraud or not.  I have not done much research into this company.

EDIT (3/26/2014):  Roddy Boyd has an interesting piece of journalism on SPU.  It covers Absaroka Capital’s attack on the company and the legal battle between the two parties.

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2 thoughts on “SkyPeople Fruit Juice (SPU)

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