Wang owes none of us anything.
Do people here really think that Wang cares about current shareholders in a clean shell (soon to be a holding company) that is up 100% since a ticker change (and has yet to receive any assets)?
Do people here really think that he is worried that people who bought in at $.14 are unhappy 4 days later that it's at $.06?
Do people here really think a PR is needed immediately after the ticker change? If so why? So you can make your $'s faster?
If you do, then you seriously need to reconsider investing and what you invest in and how much you invest.
If you bought for long term hold, then chill.
If you bought for a long term hold, then what does this matter? You weren't going to touch it for a long time.
Now, who do you think is happy about the price dropping this much? MM's, Shorts, and some long's who increased positions, that's who. If you thought Wang, possibly but chances are even he doesn't care. His life and company are not affected by this.
Chinese have a plan. It is not fast, it is not quick and dirty and mostly it's not to help you make $1M overnight. It's about solving a massive problem to which EV's are an incredibly huge and profitable solution.
This stock is a hold for years to come.
If you bought more than you can afford to lose...the you just learned a valuable lesson. If you can afford to lose it and are checking the sticker every five minutes, then remember WHY YOU BOUGHT IT...long term gains. Early Retirement etc.
The western mentality of wanting immediate satisfaction is ABSOLUTELY NOT what China's mentality is about. Those two worlds don't mesh.
If your checking the posts on this site 20x a day, your going to give yourself an ulcer. The answer is simple:
Nobody on this site knows for sure. The DD is awesome. It has immense risk reward and is it a scam?...nobody knows for sure. If it is a scam, it's elaborate, detailed, and likely the best one ever constructed. And if anyone is shorting this, they could lose everything in the blink of an eye. Shorts are the often the best traders out there, but risk is massive on this.
Personally, I trust the DD. Have not been able to debunk it. Added more today. Now at 1.2M shares.
So stop listening to the negative and take it for what it is:
A MASSIVE RISK REWARD OPPORTUNITY.
If you have the resources, load more. If you don't, relax and enjoy the ride.
If you invested funds that you really don't have, then sell what you need to (that is what has been happening btw) and learn from it.
Life is too short to stress over things you can't control.
