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What could happen at this late stage to change the current decision by the judge?
Did anybody notice any updates on the website on 2020-08-07?
After all the Preferred shares are converted there will be about 14Million
shares outstanding.Still extremely cheap stock at current prices.
Any excessive more than required further dilution for acquisitions would harm their interests.
With the preferred shares they have, the current major shareholders already own over 90% of the company.
So there should be no worries about the dilution for the new acquisition for current small shareholders.
Let's see what will happen now with the about 1,1Million convertibles at 0.001.Hope they are reduced by 100 too as expected or conversion moves to 0.1.
It is not a promise that one.It is in the agreement and ordered by the court that appointment of at least one new director to happen "immediately".
Do you also think that the unanimity required now for issuing new shares is worthless as well?
There has to be a mistake somewhere.
Their assets went up by less than $100,000 from 2,864,181 to 2,957,611 whereas liabilities went up much more from 1,655,116 to 1,829,291.
How did they make profit with these numbers?
We have 60 million shares now.I think we used to have around 10.
Yes.And have been trying 3-4 times daily since then with no answer.
Really strange since it still seems to be a normal working number.
The good scenario is that Solomon+Plaintiffs would have the chance to buy as many shares cheaply as possible.
However if that was the case you would expect some upward pressure on the shareprice.On the other hand more than enough (10-15 million shares) were available at around 10c anyway.
Apparently no more dilution after the G Series preferred shares.
Unexpectetly good decision overall.
Quite impressed that Hoang Quan have also made an announcement to the Vietnam market.
Anyone knows how the 1000 SeriesB shares work?
Are they convertible?
Equity Partners might be the key words.
Seems like news cause I don’t think they mentioned they had partners lined up to invest before.
Also they might be the ones buying all these shares lately.
Looks like he was awarded about 120,000.
He must have been paid because there are no updates?
I think Aandt otherwise someone else who has a friend who speaks the language.
Who answered me today could be someone from the Yasheng Headquarters.Someone living in the US answering a phone and not speaking almost no English is remote.And then this number ending on Yasheng’s page as their new number.
Finally somebody answered but he could not speak almost no English.
Don't know if he really understood my first question to be honest but he told me Yes if it was Yasheng Group Office.
I think he asked me if I speak Mandarin and then his only word I understood
was 'afternoon' probably telling me to call again some other day afternoon.
So someone speaking Chinese should be able to find out more information at the 85 number.
Was encouraging however that he was trying to communicate hard when I was asking and was not in a hurry to close the phone.
I think you posted photos at the entrance of their offices.
What was the reason in the end you did not meet there?
Just ringing this number with no answer.Today and yesterday late afternoon.Might not even be the correct number this one but anyway there is nothing at the other too.
Emails I try almost daily asking them to fix this or that but they never responded.
Their Phone numbers are messed up.Instead of 931 code for example they have 391 for their China phone number in the IR page.
Then this new number they have in the US in one page ends in 58 and in the IR page in 85.
Was calling the 58 number with no response after answering.
Interestingly the one ending in 85 is ringing.Let's see when I try tomorrow in probable working hours if and who will answer.
First time they mention something relatively recent.
The 2 new phone numbers remain a mystery.One seems to be in Texas and the other in California.They don't answer or they are disconnected.
Trying regularly.Even helpful messages like that the Submit button in the Contact Us page is not working correctly.
They made some minor changes to their Herbal Medicine page today.
Good to know that they are working on the webpage almost daily trying to improve it.
Sure it is.Makes the 2-5cents price a joke.
But how many people know about these developments?
Just hope we don’t have a repeat of 2017 when I spent around $10,000 @ over $0.2 after that phone call.
And of course the negative is that you would expect some insiders to begin buying aggressively but so far they don’t.
Except if it is just one or two Chinese working at the headquarters who are updating the website.
What did u mean by this?
When I called they answered but I couldn’t hear anything.
Looks like we have some new contact numbers in the Contact Us page or I'm I wrong?
5108604658 and 18062612049
Have tried 2 times last 3 days.No response.Was trying 2-3 times a year before those with no success either.
Very strange that they decided to respond to just one email only.
Have been sending messages to that email for 5 years but never got a reply including to the one I sent yesterday.
Perhaps it is because I ask them always whether they plan to start filing again.
You asked something much simpler.
So as suspected all along.From “No Bad Debt Ever” to “Profits and Receivables all these years had been a big lie”.It happened with the Abattoir it is happening again.They sell “profitable” business segments with clients that had no bad debts historically and they record a loss!
What will be different with the fishery division?
Is it normal for US listed companies to file these Annual Reports in China too?
Could it mean that they no longer consider themselves as US listed or have any obligations to shareholders there?
Was expecting more than $34,000 profit.
But at least they remain profitable.
First we had Facebank now FuboTV and new CEO.
Will anybody ever bother about PLFX shareholders again?
Once again no explanation why ceasing operations at SJAP,JHST,MEIJI and HSA will not have a bigger impact on cash flow with all those receivables and inventories.
They were supposed to "communicate plans for Tri-way's business shortly".
All of a sudden because of the Coronavirus, and when things are getting back to normal in China, they have difficulties communicating with investors?
IOSoft Covid-19 message:
As, Social distancing and shelter in place orders are starting to come from our local city, county, and state governments.
We at iosoft would like to take a moment to go over some of the measures we have in place to ensure continued operations.
All of our systems are cloud-based. Meaning all of our vendors have built-in redundancies to ensure this or any other foreseen disaster can be weathered without any disruption in service.
We have IT Personal working in office to verify and maintain operations. All other members of our staff are working from remotely.
We hope this letter finds you well.
Please feel free to reach out to us if you have any questions or concerns.
Thank You:
io|soft
https://www.iosoftinc.com
From Day1 almost every Chinese had a mask on.Makes it more difficult to both catch or spread thus extremely effective.No other country is able to do this.
I wonder why Garrett has never complained about the receivables.
In the meantime, having given up on most of their ventures, shouldn't they now start to get the receivables due from those ventures and also begin to get rid of some of the their inventory turning it into cash very soon?