However, an item from Marketwire sheds more than a bit of light on the matter. An anonymous letter sent to the Ontario Securities Commission, the firm's auditors (Ernst & Young, LLP), and various media outlets suggests that there may be a "Potential $1.3 Billion Accounting Fraud at Silvercorp." Naturally, company spokesman Dr. Rui Feng, the CEO, vehemently denies the allegations, saying: this type of manipulative scheme is baseless and which depresses our share price and harms our shareholders. While we are fighting these manipulation schemes, we will continue with our ongoing share buyback program, increase our investor relations efforts, and continue to focus on growth through exploration, acquisitions, and mine development. We are pleased with our current operations and look forward to reporting another profitable quarter.