Namliong SkyCosmos Inc (NLSC)

[WinningNoMatterWhat]

I think initially the timing was off. They started the deal late ‘21 when money was flowing. Hsu as CFO probably saw this as a good way to raise capital but then when valuations plummeted across the market, he likely realized they wouldn’t be able to raise what they wanted.

Now the shell probably doesn’t serve their needs. If they needed financing, probably secured it privately a year ago.

I agree. I’d like to see another change of ownership filed, not a Hsu company.