Yangtze River Port & Logistics LTD (YRIV)

[BillG2436]

Hmmmmm, lift that rock up you have been living under.

Based on numerous lawsuits by shareholders. Also misrepresented information based on company size, employee numbers, financial information etc. This information is available to anyone.

“According to the Complaint, the Company made false and misleading statements to the market. Yangtze River’s supposed lease of the Company’s primary asset, the Wuhan Yangtze River Newport Logistics Center, was a complete fabrication. Yangtze River’s only operating subsidiary, Wuhan Yangtze River Newport Logistics Co., Ltd., faced multiple judgments against it in China and was declared insolvent. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Yangtze River, investors suffered damages.”