http://www.mongolianmining.ky/downloads/Petition-17-February-2017-filed-and-sealed.pdf
Still do not get it. My take is that all is held by trustee...and the surplus is what has not been distributed. As in...those that have not come forward???....have to look into it more...because I'm not following.
Also....they are following SEC 3(a)(10) Exemption ... so from review ..no holding period...
Also....don't see any eligibility to short...:
https://www.hkex.com.hk/eng/market/sec_tradinfo/ds_list20170523.htm
https://www.hkex.com.hk/eng/market/sec_tradinfo/dslist.htm (main page)
I ran 10/20/30 percent dilutive inventory 9 day turn on volume and get this:
10%...26.4 mill
20%...52.8 mill
30%...79.2 mill which equates to rough 8% of initial distribution
All based on 9 days @ 264.04 total volume. So in my head....it is mainly just foolish hands.
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