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Alias Born | 03/07/2009 |
Friday, June 23, 2017 5:27:28 PM
The timing of the transaction was always suspicious to me. Share selling scheme till September 2016, conviction for stock manipulation in November 2016 and as of December 2nd 2016 the shell is sold to a Chinese company. Yet, note holders maintain the right to convert at $0.0001. Come on, those stories only happen in shady pinkieland.
You even leave out some red flags within ZJMY 2016 balance sheet, like the par value that is changed in retrospect by a factor of 100. No meaningful assets, no capitalized research & development either. And the alleged subsidiary Wuhu Electric Vehicle ltd, that supposedly holds all the patents etc can nowhere be found publicly.
Anyway, we are close to finding out the truth. The company must now deliver. Another photo will not be enough for a recovery and pumping July 17th as a "huge event" will be futile if tomorrow's conference does not result in any official news. It's 'make it or break it' time.
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