China Metal Recycling – Glaucus Research

China Metal Recycling Holdings Ltd. (“CMR” or the “Company”) purports to be the largest scrap metal recycling company in China. We believe that this is a lie. Publicly accessible import data from the Chinese government suggests that CMR is a blatant fraud that has deceived the market about the size of its business.

Company Name
Ticker
Investment Thesis
Exchange
Initiation Date
Initiation Market Cap (in USDmm)
Initiation Avg Volume (Shares per day)
Price at Initiation
Price Target
Current Price
% Change
China Metal Recycling – Glaucus Research
773.hk
fraud
hkex
1/28/2013
$1,430
5,500,000
HKD 9.43
HKD 0.00