Asensio.com Issues Cautious Report on China Sky One Medical (CSKI)

Short selling firm Asensio.com initiated coverage on shares of China Sky One Medical, Inc. (Nasdaq: CSKI), which is up 63% over the past few days.

The firm issued two reports regarding the stock: "Are China Sky's Financials Believable?", which "details the many problems China Sky has had with its auditors, and some of the problems apparent with the company's corporate governance."

The second report "A Small Taste of China Sky's Erroneous Numbers" shows what would be an unbelievable mistake in China Sky's reported EPS.

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