Saturday, September 11, 2021 10:11:31 AM
Yasheng Group is the only and 100% shareholder of Equity Art. Even Equity Art in China. What this means is, they can transfer all the cash they want, back and forth. Equity Art could be sitting on $900M in cash, in theory... That's where the SEC rule comes in which I referenced yesterday. Which says that the company has to give us some basic information at least, otherwise it can't be traded.
The most likely scenario is this though. The flagship property (museum 1) could be worth $1/share. And they have another $100M left or so from the 2018 investment. I think they are planning to buy back our shares with that.
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