From a strictly business-as-we-know-it American perspective, it makes no sense to leave this company laying fallow, as many have acknowledged. It is a $64 M investment for the major Hong Kong shareholder effectively in control of the vote and the BoD. So one can reasonably conclude there is something else going on here. What could it be, pray tell? Hmmm, $64MM to a private investor is one thing. To a first world national economy, a fly speck. This company has IMO been ransacked as a footnote of China's well known strategy to dominate certain segments of modern technology, obtained from the West as needed. This is not exactly a secret. To us, the outside investors in Valencia, what does it all mean? Well, for me, it spells doom. We shall see.
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