China Unlimited

[RealDutch]

SPU. Haha. As expected.

This is what caused the stock to rally from $2 to $20 last year.

Pursuant to the Agreement, NSR will acquire 51% of the equity shares of Shaanxi Guoweiduomei Beverage Co, Limited, a wholly owned subsidiary of Hedetang (the “Shares”). The tentative total transfer price for the Shares is 300 million RMB (approximately $46 million) and is subject to.....

6 months later....

On January 20, 2017, the Company’s Board of Directors approved the termination of the Agreement with NSR because the local government authority had not approved the transaction contemplated thereby and the Company had not received the required payment within six months of the effective date of the Agreement.

What a POS. Shareholders equity dropped by $60M in Q4.