Tuesday, May 22, 2018 12:21:56 AM
I told them that a man from China, visited the U.S. a couple of years ago and plunked down about $64 million dollars to buy a company that virtually had no income and no serious pipeline of products and was trading at .06 cents a share. Not only that he agreed to buy the shares for almost triple the price and then purchased a new headquarters for the company he bought and threw himself a open house party to welcome everyone. All were in awe and marveled at what this man had done. Even one self appointed pumper put out a long winded newsletter stating this was the investment of a lifetime. Everyone was in lal la land. The company had a new hero.
Two years later and the income is virtually the same and the “no serious pipeline” is still not serious and there is no mr. Li to be found. They told me, impossible, I was out of my mind and I made the whole thing up.
I almost believed them. After all the story does sound insane. Except for one small detail.
The stock trades 400% above the .06 share price and still trades 50% above the purchase price and all without one single peep from the company or mr. Li.
Has anyone seen mr. Li?
I see him every day between .22 and .27
2018 Good luck to all. Maybe we can make a movie out of this story. All we have to do is find someone like the late Frank Capra to film it.
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