American Lorain Corporation (ALN)

[timhyma]

Finally getting around to this one- Why the drop from $24 to $3?

What kind of R/S did they do?

"We are very excited about the direction of our company. Last May, we went through a reverse merger transaction and private placement. The financing allowed us to expand our operations," said Mr. Si Chen, Chairman and CEO of American Lorain. "We have seen tremendous growth in revenues, especially from our convenience foods product line. In addition, our expansion plan includes sales of our products to the international markets."

Have you looked at the share structure? How much dilution is there?