For at least the past two years, we have from a distance analyzed Fcpg to death,and its infamous leader they call Wang. Much of the conversation began when EFP took over as auditor, a few financials released, then the shroud of silence ensued, Marcum joins the fray, silence remains, then the uncovering of Xytey hiring, or at a minimum, posing as an employer who is hiring a squadron of new employees. To the total and understandable dismay of shareholders, the pps falls to current levels. The call for email, fax, and telephone campaigns fell on deaf ears, though a number of shareholders tried. Past so called Wang confidants slip into night proclaiming Wang has turned his back on them, and he, Wang is relying on his own close circle of friends. The list goes on, but why bother. Fcpg in its infancy had a grand plan, which on paper, was to participate in the second fastest growth industry in China ------ pharma. Caught up in the frenzy to become a brand name, Wang accepted ill advised business practices that brought the company to its knees. Some shareholders, myself included, took the ride up, and made a decent return. Others clearly hung on, got burned. This was and is a speculative play. Fast forward to today, Wang can't even find his shadow. Wang is a master of disguise, and ultimately the judge, jury and prosecutor of our fates. Wang controls the final chapter of this novel like it or not. What we do know is the company is in business, does have a logistics center in whole or in partnership, received the most recent required and mandated certification(s), and is employing personnel. What we don't know is with whom, under which name, how Marcum plays a role, and when the damn bursts. The governing bodies in China who control the input / output within the pharma industry are forcing the long awaited consolidation, and make no mistakes about it. As a boutique company, and with increased regulations, associated costs demand Wang seek other avenues to survive. Whether or not Wang owes 'x' dollars to his past affiations, whether or not Wang wants to move to the HK exchange, he can't do it alone. It's that simple. But greed is a motivator like no other in today's world no matter where you reside. Wang has more to lose than all of us put together period. If Fcpg were delisted as posed by a recent poster, collapse ensues. Wang can't move to the HK because if you take the time more fully educate yourself, he is subject to greater scrutiny than present, and yes, the HK exchange does not want to be entangled in litigation as a third party. In order to reemerge, Wang has to finally produce audited financials ----- and his other options are zero. Any exchange will make this demand, and it's not an option. Frankly, if FCPG were on the HK exchange the past few years they would have been history. So we live with the fragile existence that Wang is at the helm and he will succeed. For all current shareholders, as it has been for an extended period of time, it comes down to risk / reward scenario. Everything here in this post is strictly in IMO. Because of greed, because greed got us into Fcpg, I still feel in the near future Fcpg will ultimately reward us, or we burn. My glass is still half full. David
