EGOC, Here is a repost of "TheSummerMan" post with those news articles from 7/27 that everyone apparently missed during the excitement of the EGOC press release.. Nice stuff and thanks to "TheSummerMan". Here is his post with cleaned up links that work.. You will need to translate it but it's a dandy. I use microsoft edge that has a good translator...
It just seems to me they wouldn't have delayed for so long and then come out with a PR if things weren't just about ready. The DD is all where it should be so I am completely comfortable here. Especially given this recent development where they signed a cooperation agreement with another company.
So my thinking is the AS raise has to do not only with acquisition(s) but also possibly some sort of share exchange agreement where they take equity in each other's business. Then also I was thinking there will probably be shares issued to various subsidiaries, investment partners, and long-time upper management employees. As well as some of the other major players and board members besides Liu Yicheng who don't have shares yet. These will be restricted, so we're all good here.