Yulong Eco-Materials Ltd. (YECO)

[food4thought]

Sure. But not going to pay to say I own a sliver of it by way of stock purchase and never touch it, while my investment stake goes down the toilet, as the directors use company dollars to pay for their extravagance as they tour the world talking about their jewel and painting all on shareholder’s dime.

That was a horrific sentence btw, but seriously, it’s an asset on the balance sheet with more to come by means of dilution. They will never sell the art at a premium and distribute a dividend of the profit to the shareholder. They will continue to take shareholder money and/or dilute by over gifting shares for art purchases. No realistic revenue stream to boost share price. They don’t report. They will not get relisted or uplisted to a better exchange. A stripper business model. Flashy, take your money and buy jewelry and art with it.

All my humble opinion of course. I lost some money here several weeks ago during the run-up, so I harbor some bitterness, but not without objectivity.