GTEC - Cenntro holding should have to cough up those shares. Unfortunately, at today's stock price, that wouldn't even come close to the $34 million they had to write off.
In case anyone is keeping track, Peter Zuguang Wang, the chairman of the board of directors is the father of Raymond Z. Wang, CEO and President
The earnings press release and subsequent conference call should be very interesting.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.