Remember when the "American" UNQL "purchased" all of the Asian offices from the Chinese owners for $35 million? Remember when I said what a joke of a "deal" that was because the Chinese executives were just paying themselves. That is exactly what happened. And now this DP World company swoops in and takes over the entire operation, including the Asian offices, the European offices, the US offices, everything for the bargain price of.....wait for it......$35 million.
All told, the Chinese executives, Sunandan Ray, Steve Hicks, Trillium, 3a Capital, Briones, those crooks from Edify from that sham SPAC merger, etc. cashed in a total of $70 million. I have said for a very long time once it became clear, and I shared openly, that this was simply a stock scam to enrich insiders, executives and special investors. I supported this company in the beginning until the preferred shares shenanigans became abundantly clear. $70 million dollars later and these Chinese executives and insiders played the US penny stock game to perfection. Gotta give credit where credit is due.