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downthehatch

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downthehatch

Re: Matmak post# 986

Friday, 12/10/2021 4:26:29 PM

Friday, December 10, 2021 4:26:29 PM

Post# of 1064
"normal levels"?

The level of the stock is almost entirely dependent on the outcome of the Shareholder derivative action, filed in 2018 by HengRen and some other shareholders.

The settlement that was proposed would have provided a direct payment of about $25 to every current shareholder, but the judge declined to accept the settlement as written.

See my earlier post today for what can happen at this point.

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