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Re: nikitze post# 11973

Wednesday, 05/12/2021 6:21:57 PM

Wednesday, May 12, 2021 6:21:57 PM

Post# of 17833
Well if Wandi doesn't go through then we get our 60 MILLION shares back (30 already sitting in escrow I believe). That 24 MILLION is cleared from the balance sheet as "subscribed shares" and the total shares decrease almost by half thus doubling SP immediate. So that is good even in worst case.

I am pretty sure Wandi is a done deal though and will be going through. Don't know if you recollect but in Dec. or so there were updates on the Wandi info. on ?Cyprus SE that there were changes made at their Director level. The folks added were lawyers from a Cyprus law firm that SGCI uses in past (confirmed on SGCI website). SGCI was founded by DS Chang and is how he got involved with Teishan in the first place. It was purchased through SGCI in ?2015, 2016 or so.

In the end, DS Chang was given 1.5 MILLION preferred A shares (1:100) last year so he has MORE incentive then any of us to build the company. In the end money is the best motivator so hope it works here!

But do agree he screwed the pooch with the 10k (no excuse for that).