Tuesday, June 19, 2018 6:23:33 PM
It is t is the bigger parent Shaanxi Aoxing
not the smaller Shaanxi Weinan regaining its GMP license.
Shaanxi Weinan actually lost its GMP license in 2017.
Let's see what Mr CEO Wang has achieved within the last months, actually two quarters. As posted earlier here, production has been kicked off and we have found evidence that new production is already being sold.
Assuming he does not let go his stock from Nasdaq and is simply just late again with financial filings like in 2017, we shall soon learn about the details within the next 14 days maximum.
In case production and sales is being ramped up properly again, we should expect a price correction towards the $6/sh refundable deposit value at least.
Highly volatile stock .. otherwise.
Historical Evaluation on using 12month MA and 10-K data + Projections + Deposit Details
Annual YoY Fundamentals using 12 month MA for lower stock price
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