Good Life China Corporation (GLCC)

[The GidDy uP Kid]

# Wen pointed out that companies need to bear certain things in mind when heading for US shores. The lack of an active aftermarket for Chinese stocks, particularly those that went to Nasdaq via RTOs.
# The much higher professional fees and underwriting commissions involved in a US IPO compared with, say, in Hong Kong.
# The high cost of maintenance of US-listed companies.
# US reporting requirements. Chinese corporate culture and corporate governance standards do not always facilitate meeting these.
# Sarbanes-Oxley legislation and other US regulatory requirements.
# Tax issues.
# Communication issues with US-based investors, fund managers and analysts.

Wen said some of these are less serious issues when the Chinese companies are managed and/or owned by US returnees. "Less sophisticated companies, in particular those that were brought to the US market via RTOs, often were not advised on these perils before landing on Nasdaq, OTCBB [over-the-counter bulletin board] or got traded on Pink Sheets