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Re: starman2 post# 64398

Sunday, 01/30/2022 10:34:23 PM

Sunday, January 30, 2022 10:34:23 PM

Post# of 118590
Not taking sides, just pointing out that incorporating in the US is just an administrative function necessary for public corporations to take advantage of the US capital markets. Many foreign operating companies do this to get US shareholder cash. Many are US companies in name only.

I hold $SIAF (a US company), which lost several shareholder lawsuits. They figuratively gave shareholders the finger right in the financial statement notes citing that US lawsuits are not enforceable against a company operating in China.
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