You are entitled to your opinion But I believe your wrong.
Kanno had the most to lose. You can look for someone to blame if it makes you feel better but Kanno lost the most in money and time and effort I have always know the Chinese took advantage of people other then Chinese. I have had dealings with China and they favor Chinese people. Just look at the music business and Video business they will steel you blind and never pay royalties.
if you want to do business in China the want a controlling interest. Its a communist country, Its their way or no way. I fully believe they are at fault. Once Kanno gave up the process of his business he was out. he didn't know not to tell them all because hes honest.
This is only my opinion. You should research before you invest to limit your risk. When you invest in pinks its all risk and most fail, Never risk more the 10% of your holdings in pink sheet stocks!
Howard Haftel