GeoInvesting : Remains Short China Mobile Games, Provides New Evidence and Reiterates Caution

SKIPPACK, Pa., Jan. 27, 2015 /PRNewswire/ -- GeoInvesting, LLC ("GeoInvesting" or "Geo"), a research company that specializes in providing high quality insights on equities both in the China and U.S. spaces, today announced that it has published new evidence and a detailed rebuttal to China Mobile Games ("China Mobile").

GeoInvesting originally wrote a report called "China Mobile Games: Who is Really Being Played?" on January 15, 2015, which laid out the argument that:

    --  China Mobile Games is operating in a cloud of obfuscation
    --  Undisclosed related parties of China Mobile's business remain a risk for
        U.S. shareholders
    --  The company could potentially be overstating revenues

Last week, China Mobile issued a response to GeoInvesting's assertions. The company's response lacked key details, failed to address GeoInvesting's concerns, was brief in nature and can be viewed in its entirety here.

In GeoInvesting's latest report, released on January 27, 2015 and available here, Geo offered a response to China Mobile's rebuttal of the initial article. In this response, the key points are:

    --  GeoInvesting believes China Mobile's response to be purposefully vague
        and unresponsive to key concerns
    --  New evidence is brought forth, involving China Mobile's potentially
        improperly disclosed subsidiary
    --  GeoInvesting continues to advise caution to China Mobile shareholders
        and looks forward to a powerful response from the Securities and
        Exchange Commission, ("SEC") and China Mobile's auditors, Ernst & Young

To receive exclusive notice of further reports from GeoInvesting, as well as to access its archive of research and insights, readers can visit www.geoinvesting.com and become part of Geo's investment community.

Contact
Dan David
Co-Founder and Vice President, GeoInvesting, LLC
[phone]

About GeoInvesting, LLC
GeoInvesting, LLC is a research company that specializes in providing high quality insights on equities, both in the China and U.S. spaces.

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SOURCE GeoInvesting