Monday, December 14, 2020 12:49:57 AM
So this is where it all starts and ends. Seems Sterling Capital Investments (SGCI) was started and principled by none other then DS Chang (RSSV CEO). He with his company bought out Teishan Oil.
Big surprise when you investigate further that SGCI also made an agreement of law firm: LLPO in Cyprus to bring companies public via the Cyprus stock exchange. This avenue was the way Wandi tried to go public years ago. This is the same law firm that is helping Wandi now on the recent links on the CSE.
Looks like Mr. Chang is not to deterred. He (my guess is majority stock holder for rssv) decided try bringing Wandi public through a merger with RSSV who is already listed on the OTC and likely will have hopes again on getting on the NASDAQ as they did few years ago. As mentioned by another poster it seems he tried to do a Wandi direct to public few years back, but didn't happen for whatever reason.
I am not a business guy, but this DS Chang seems to be well versed and quite experienced. It would seem he is not to be denied.
Link below is for SGCI where I got all the info. above.
https://www.sgcifinance.com/news.html
p.s. Now I understand why rssv gave Mr. Chang basically 150 million shares via a 1.5 million (1:100) preferred A shares. The whole company is his in the first place and with giving 60mill. to Wandi wants to make sure he doesn't lose control of the new Phoenix Rising Companies.
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