Citron Research Says China-Biotics Could Be A Fraud (CHBT)

Citron Research released a note entitled "Where Are The Stores," on China-Biotics (NASDAQ: CHBT). It reads, "Well we have our answer and it is not pretty. While we asked CHBT to present a list of its retail locations they seem to come up with a list that is nothing more than supermarkets and drugstores and not the branded retail stores that they present in their filings.

If this is the case, then we can officially say that CHBT is a fraud. There is no such thing as "only part of the business is fraud". For the proof, go to: CitronResearch.com.