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doriangrey

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doriangrey

Re: geodan post# 1353

Tuesday, 02/07/2012 2:56:49 PM

Tuesday, February 07, 2012 2:56:49 PM

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ShengdaTech, Inc is a profitable company that has been fighting a chapter 11 due to former Senior Executives embezzling a large amount of money from the company. The investor I pointed to looks like he is putting up $6.00 plus per share for 10% of the outstanding shares. So yea, considering that they have a Chapter 11 court breathing down their neck I do think they will protect the investors.
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