New CSKI Director’s Spotty Employment History

On August 6th, China Sky One Medical, Inc. (NASDAQ: CSKI) announced the appointment of a new director, William Wei Lee. China Sky also announced the resignation of Jiang Qi-Feng, the 26-year-old graduate student who served as a CSKI director and “audit committee financial expert.” Lee will assume the role of audit committee financial expert, according to the China Sky press release.

While improvements in corporate governance at China Sky are certainly needed, Lee’s expertise appears questionable. Lee appears to have been employed by at least six different companies over the past ten years. One of these was Legend Media, Inc. (OTC: LEGE), a US-listed Chinese reverse merger with shares trading at $0.31. Lee’s other past employers reportedly include two management consulting firms and a European shipping company. With Lee’s limited background apparently focused on management consulting, Lee appears to have no work experience specifically relevant to dealing with China Sky’s complicated accounting issues.

Importantly, there is a discrepancy in SEC filings concerning the dates of Mr. Lee’s reported employment with two consulting firms. China Sky’s press release states that “from 2000 to 2002 he was a Senior Associate at McKinsey Management Consulting Co. Ltd. and in 2003 he was a Project Manager at Roland Berger Strategy Consultants Ltd.” LEGE’s 2008 Form 10-KSB states, “From 2002 to 2004, Dr. Lee worked for McKinsey & Co., a worldwide management consulting firm.”

Posted in China Sky One Medical, Inc.

Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
eCompany Now
1 2 3 4 5 6 7 8 9
About Our Founder
Learn more about's founder, Manuel P. Asensio, and the website's origins. Click here to be directed to Mr. Asensio’s professional biography.
Media Record
Click here to see selected articles that discuss's work and its unique legacy. also strives to maintain a complete record of articles dealing with the companies that are the subject of research.
Investment Record
Click here to view a list of the companies that have been subjects of reporting and click here to see the complete investment record.
Asensio and FINRA
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.