Tri-Tech Holding Inc. (TRITF)

[alectric]

Exactly as I predicted, although the stock is trading in the gray market around .50 a share. That won't last long. Mr. Fan will need to apply to the pink sheets to get the stock listed. It's in his best interest since insiders hold 44% of the shares. The operating assets of the US based J&Y subsidiary was also partly purchased with shares. However, neither Mr. Fan nor Mr. McClellan have indicated the company will do so. I imagine Mr. Fan wants to file the annual report first. A NASDAQ listing is out of the question.

The situation with the BSST subsidiary continues to deteriorate. The subsidiary moved its office without informing Tri-Tech Beijing and took property belonging to Tri-Tech with them. The president of BSST is taking orders from Gavin Cheng and not Mr. Fan. This is documented in an 8-K filed 4-3-2014. Very tragic. This dispute is consuming Mr. Fan's time and energy, resources which should be directed toward building the business.