Wednesday, December 07, 2016 8:31:12 AM
If this does become a vehicle for Landbond Furniture to go public then I think this immediately becomes one of the nicest looking Chinese companies on the OTC. I see Landbond Furniture most likely comparable to Ethan Allen here in the US.
Case against this becoming Landbond Furniture, the executive officers don't seem to fit, and why would they choose an inexpensive shell with such a small % of share delivery......doesn't really make sense.
Best case scenario, this becomes Landbond Furniture and they start purchasing back shares on the open market, to both bring the pps up to NASDAQ levels and increase their ownership percentage.
Worst case scenario, this doesn't become Landbond Furniture and either dilutes into oblivion or stays illiquid for years and gradually fades away, never to be heard from again.
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