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Re: Daytrader2013 post# 470

Thursday, 06/13/2019 12:40:54 PM

Thursday, June 13, 2019 12:40:54 PM

Post# of 491
Based on the DD it's a pretty good risk vs reward IMO. If the ss does not change and the merger happens, with the company I think it will, then that is at least $18.6M USD company, and the current market cap is only $1.8M. Also, crypto tickers are heating up again.

Keep in mind that the 'registered capital' in this case 129M Chinese yuan, is how much the company was incorporated with, not necessarily what it's worth now, could be worth much more than that now.

On the flip side, the risk is potential r/s. When World Financial Holding Group did the BYIN merger in 2014 I believe, the o/s on the shell was only 26M and there was still a 100:1 r/s. Doesn't mean that will happen here, but just from their past history is a possibility, though a foolish one.

Tough call, but could certainly turn out well.

https://www.otcmarkets.com/filing/html?id=9761768&guid=_QUxUqJE71i6U3h