Sunday, March 22, 2026 10:56:19 PM
Well let's get to it. 2001-2010. Massive dilution. Apple puts in a meager $20 million to pay off some accumulated debt and takes the IP for electronic communications. Apple wants no ownership in the company. 2016 LL acquires complete control of the company and it's BoD, via his Hong Kong holding company. The IP and the brand are traded off to his Chinese company EONTEC, which is subsequently taken over by Chinese state sovereign companies, and LL is diluted to a small minority holder and no longer CEO. Then comes more Chinese manufacturing (Yiang) and LL who controls the Valencia Circle company, now reporting to TC the CEO. Right. What a mess. How exactly are we the outside shareholders of Valencia Circle ever going to get paid?????? Uh, well, I do not see why anyone has to pay us anything, if there is a path to avoid it.
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Bullish
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