I agree that intentionally providing misleading information can lead to lawsuits and such, but that would have to be proven to be fact. I believe that Jinbo has enough companies and processes to do it legally. Here is my point. They hired an accounting firm to do the financials to get caught up from 2014 through 2016. Those were done without a problem, but the Q1 financials don't appear to have been done by the same accountant. Look at the font on the financial reports that were done through December 31, 2016. Then look at the font on the financial reports that were done for March 31, 2017. The fonts are totally different and 4 of the 5 Q1 financials were not correct. It is also my assumption that there are still discrepancies between the figures, on the balance sheet, of the annual December 31, 2016 financial report and the figures, on the balance sheet, for the December 31, 2016 figures, on the quarterly, March 31, 2017, financial report. When you compare the two columns there are discrepancies. IMHO, they either hired a new accountant to do the March 31, 2017 financial reports or the company did it themselves. I haven't looked at the June 30, 2017 financial reports in their entirety, but the selling expenses of $1367 seem extremely low for the quarter, compared to the previous quarter. Also, the description of other current liabilities is listed as other current assets.
It doesn't have to look intentional, for it to create a reason to have to re-do a financial report for re-filing, which causes delays.
I respect your opinion very much, but I believe that we are dealing with some very shrewd people, who are running this company, and they can find ways to create legal delays and, if all else fails, the language barrier, the currency exchange, the interpretation problems, etc., can be fall back positions. Unless there is a memo that leaks out that basically says let's stall this until we can shake out all the old shareholders, the premise will be hard to prove.
