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Thursday, April 07, 2022 8:11:28 PM
But TANH does NOT need cash. It would appear the intention of the issuance was dilution. This may also be an indication they had a hand in recent SP decline. The scale of dilution was MASSIVE. Those new shares represent 75% of the current ownership. And the cash they got was only a tiny fraction of what they already had on hand.
This is actually an argument to buy now. The reason they perpetrated this theft (no quotes needed), is because they know the company is valuable and are trying to steal for themselves. This wasn't a "public" offering. I called the day it was announced; it was already sold out. It was an inside job.
This is a lawsuit waiting to happen. But I've been a holder in a Chinese company traded on a US exchange, where the shareholders won a lawsuit against the company. The company actually stated in their next financials that a US judgement is not enforceable on a company operating in China (no US/China treaty) Just gave a big middle finger.
The only way to protect from this dilution it to participate in the theft (buy in the issuance), or in this case buy on the open market at the same $0.50 @ 3x original holdings. Which I have been doing. Almost there.
The reason price remains low is the rightfully deserved distrust of the company. And they don't understand the math behind the dilution. They also most likely will do this again... But as long as you are prepared to buy in again, you'll not lose - on a long enough timeline. Manipulators will always refer to these past discretions to pump price down.
Recent TANH News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/10/2024 09:00:11 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/28/2024 09:05:07 PM
- Tantech Holdings Ltd Receives NASDAQ Minimum Bid Price Requirement Extension • PR Newswire (US) • 08/28/2024 09:00:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 07/26/2024 08:05:37 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 07/26/2024 04:15:11 AM
- Form F-1/A - Registration statement for certain foreign private issuers: [Amend] • Edgar (US Regulatory) • 07/22/2024 09:11:12 PM
- Form F-1 - Registration statement for certain foreign private issuers • Edgar (US Regulatory) • 07/12/2024 08:31:04 PM
- Tantech Holdings Ltd Regains Compliance with Nasdaq • PR Newswire (US) • 06/17/2024 12:30:00 PM
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/11/2024 08:30:50 PM
- Tantech Holdings Ltd Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F • PR Newswire (US) • 05/21/2024 08:05:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 05/08/2024 09:16:11 PM
- Tantech Holdings Ltd Announces $2.1 Million Private Placement • PR Newswire (US) • 04/22/2024 07:58:00 PM
- Tantech Receives NASDAQ Notification Regarding Minimum Bid Requirements • PR Newswire (US) • 02/29/2024 09:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/05/2023 01:00:42 PM
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