$1.75" So the present price per units of 6 shares is now 1.75 compared to the 1.59 when I last posted.
According to the latest Scheduled D filed by the company ....“The aggregate percentage of Shares reported owned by each person named herein is based upon 44,288,668 Shares outstanding (for those not familiar with this company each unit that trades on the NASDAQ is made up of 6 ordinary shares, so when you multiply the 44 million by 6 you get the total number of outstanding shares in China which total 265 million) as of October 2, 2015, which is the total number of Shares outstanding, based on 265,732,006 ordinary shares of the Issuer outstanding, as reported in the Issuer’s Form SC TO-I/A filing with the Securities and Exchange Commission on...
I realize that the price per share now has fallen since my posting of Jan. 13, 2014 when the PPS was quoted at $2.84 but I believe that as long as the company generates profits and continues to reduce the shares outstanding, one of these days this stock will go up again...this seems to be one of the rare solid Chinese companies that will survive, and based on the present PPS could make a 50% or more profit on each shares in the near future...quite a difference from that FCPG whose CEO turned out to be a deceitful POS who abandoned shareholders and kept the company all to himself (I am sure that one day Wang will get the punishment that he deserves for his deceptive behavior).
