Friday, July 28, 2017 8:33:09 AM
Shares: Originally their website translation says 2 billion dollars. I called the company and the company said it was meant to be 2 billion AS shares. They updated the website immediately. The 2 billion shares of AS is the same as the number in NV SOS registration.
According to Mr. Ding, all the shares of his business partners are locked up for eighteen months. So if I'm not mistaken, we do not expect OS and float surge after the merger, and I believe that this is both a short term RM play and long term investment. I also believe that eighteen months give them enough time to be uplisted to NASDAQ.
There was a wall street bank approached them to get them onto NASDAQ, but the company declined and took OTC approach to build the business and shareholder value first.
Their heavy duty trucks (using natural gas as fuel) are approved by federal agency or agencies to sell in the US market.
During my conversation with Mr. Ding, he mentioned about the share price of being ten dollars. Unfortunately I did not pay attention to the context of it. It could be the current evaluation or future expectation.
Their website was built by a third party company. They are not happy with current one. A new website is being developed by another company and will be ready soon.
If any of above statement is not factual information, it is due to my own limited understanding.
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