InvestorsHub Logo
Followers 242
Posts 9996
Boards Moderated 0
Alias Born 12/31/2016

Re: Sarsoor post# 11459

Saturday, 03/02/2019 3:36:57 PM

Saturday, March 02, 2019 3:36:57 PM

Post# of 26030
If Hanergy ends up on a stock exchange in the PRC, shareholders will be able to do whatever they want with their shares... buy, hold, or sell. If the company does not get listed in China, my understanding is that shareholders lose their shares as the company goes private. My guess is that if that becomes the outcome, then Hanergy could list in the U.S. The most expedient way to take their private company public here is to r/m it into a shell on the OTC, then uplist at a later time, rather than do go to all the trouble of an IPO. Remember, the company has been unable to trade since 2015, so they are likely in a hurry to get things going. It sounds unlikely they will be listed in China too, so that's what makes this story all the more intriguing. Perhaps Hanergy knows that the odds are stacked against them and is enticing shareholders to give up their shares so that they will have less baggage when they go public outside of China. If they decide to use ZMRK as the vehicle to take Hanergy public, then watch out! If that wasn't the plan for ZMRK, then I have confidence that the Xu's will bring something of value here in any case. I'm holding tight for this ride. Should be fun!