Due to the China-US relation now, it is really hard for Chinese companies to get their money in Chinese Yuan to USD (this is also why silicon valley housing price is dropping). The Chinese government doesn't allow the bank to convert big amount of US dollar any longer. And Chinese Yuan are dropping hard recently. The only way for a company to get US dollar in a legitimate way is through US listing/IPO.
For SRRE, they have huge profit in terms of Chinese Yuan, and they are already listed in US market. They can do
1. divy to reward themselves in US dollar ( easy way to get USD from China, otherwise, it is impossible to get so much USD from Chinese government )
2. Uplisting to major US market and attract more US buyers that they can sell their shares into
Based on this analysis, SRRE will most likely divy every quarter as their quarter profit really skyrocketed in the past few years.
Just my understanding. If so, the few Chinese OTC companies should be the next wave out there.
Recent SRRE News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 06/05/2024 01:58:03 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:01:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/16/2023 12:49:14 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 06:30:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/17/2023 10:03:55 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2023 01:59:28 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
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Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM