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