No Illusions of Grandeur here.
I cut the loses and sold last Thursday moments after opening at $1 and $0.90 respectively (two different accounts). Most shareholders were unaware that it had resumed trading. Too bad, I had cancelled my market sell at open, or else I would have gotten out much higher than that. And now it's in the $0.25-$0.30 range.
While WUXI may have invested into LIWA to save face, make no mistake: the CCP has no plans to share their wealth with the likes of you. They only stepped in to save face and perhaps retain the business and intellectual property. They have no interest building shareholder value for foreigners.
Your best bet would have been to cash out last Thursday, but seeing as you're still posting about LIWA stock, that suggests you didn't get out and are stuck now. If you want to play the waiting game, I'd recommend selling at least some of your remaining portfolio to hedge against a total loss.
Investing in the bumps of a dead or dying company is very risky, but if you are correct and LIWA rises again, you will be richly rewarded. Gambling is for entertainment purposes only, so only invest what you can afford to safely lose.
