If you take a hard look at just about any Chinese RTOs reported finances today, you are liable to end up peering down the rabbit hole and ending up in the world of Alice In Wonderland where nothing is as it seems.

In the midst of scandals involving North American-listed Chinese companies that came public via reverse takeovers (RTOs)

Earlier this week, China's top general sought to downplay China's military capabilities and its threat to the U.S. Gen. Chen Bingde said China's recent efforts to upgrade its military have "aroused unfounded suspicions."

For the life of me, I can’t figure out why anyone would think a reverse merger into a shell company on an exchange (NASDAQ or NYSE) is a legitimate business transaction.