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Friday, July 21, 2017 10:22:45 AM
https://www.bloomberg.com/view/articles/2017-07-20/china-s-buying-spree-ends-badly
somewhat of a strength DOLV will have as it will be "home grown" and maybe China's government will have learned from past mistakes about acquiring other ailing countries businesses and not having them perform too well afterwards. Some examples are given in the article.
If their is ONE industry China MAY be able to actually OWN and dominate, the EV market would be it.
Will DOLV be a BIG part of that? IF so, then I can't even fathom what the stock price will be if any deals are really signed within China to start and worldwide soon afterwards.
I think they may actually need some help, and according to the article, IF the company stays within China's walls (which I doubt) it can limit the stock price in terms of how high it could go vs. open markets worldwide.
This is somewhat boring and not too sexy, but imo, it does play largely into how a company can succeed out of China which clearly affects us DOLVers!
Good luck and my post is spent.
Have good weekend.
P.S.
Anyone check out the Judge in charge of the lawsuit for the 54 million shares? Pretty tough to call this a "scam" based on that alone. However, we all must remember the dreaded name in investments "Madoff". He had very intelligent people lose tons of money. Doctor's, Lawyers, bankers. These kind of scams can be done, so any awesome news soon rather than later would be greatly welcomed!
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