Tuesday, May 10, 2016 10:12:43 PM
Folks,
I spoke with a friend who is fluent in Chinese. He is of Chinese descent, so that certainly helps! He said that there was a mistake made by Google's translate function. He said the name of the Hong Kong (Chinese Company) was translated incorrectly. This is something we should've known. The Joint Venture was with Gaunghui Technology (H.K.)LTG.
This is the same company that was mentioned in the Chinese article, but Google translate messed it up.
I ask my friend if it specifically states who exactly will be investing the 5 billion Yuan. He said that the article doesn't clearly state that. It states that Quantum Asia is jointly owned 50%/50% by QMC and Gaunghui Technology. This is something that we already know. It's not new information.
I am curious where this 5 billion yuan is suppose to come from. Surely QMC can't put up the funds (as they have no money), so I am assuming the money has to come from china. Will the Chinese Government put up the funds? China has a massive trade surplus with the US, so they need to park their funds somewhere. Might as well be with QMC Asia. At least that's what I hope
In any event, this is exciting news. Thanks for sharing Jamis.
On another note, I am really surprised at the volume we've been having the last couple of days. I hope this keeps up. Hopefully, we will be able to get the stock to .50 cents and stay there! Time will tell ....
I spoke with a friend who is fluent in Chinese. He is of Chinese descent, so that certainly helps! He said that there was a mistake made by Google's translate function. He said the name of the Hong Kong (Chinese Company) was translated incorrectly. This is something we should've known. The Joint Venture was with Gaunghui Technology (H.K.)LTG.
This is the same company that was mentioned in the Chinese article, but Google translate messed it up.
I ask my friend if it specifically states who exactly will be investing the 5 billion Yuan. He said that the article doesn't clearly state that. It states that Quantum Asia is jointly owned 50%/50% by QMC and Gaunghui Technology. This is something that we already know. It's not new information.
I am curious where this 5 billion yuan is suppose to come from. Surely QMC can't put up the funds (as they have no money), so I am assuming the money has to come from china. Will the Chinese Government put up the funds? China has a massive trade surplus with the US, so they need to park their funds somewhere. Might as well be with QMC Asia. At least that's what I hope
In any event, this is exciting news. Thanks for sharing Jamis.
On another note, I am really surprised at the volume we've been having the last couple of days. I hope this keeps up. Hopefully, we will be able to get the stock to .50 cents and stay there! Time will tell ....
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