Yeah, just checking in. I do think that could be about where we are, it's possible. GNPH at under 4 dollars has decent risk/reward. I've mostly divested myself from Chinese reverse mergers so I haven't bought back in. It's not the price action that made me leave GNPH, it's the fundamentals. If i were to buy back into China RM's in a significant way, I wouldn't buy GNPH as there are other profitable China RM's listed on the nasdaq trading at a 1 to 3 PE, and have a less dilutive history. I fear GNPH's price may be getting propped up so they can make the Nasdaq, and they could suffer a drop as soon as they uplist. Their past operating history is keeping me away, and I think their excuse for not buying back shares is silly. That said, I'm sure they will trade higher than this level at some point in the future, so I can't say it is not a short term buy.
I am invested in China, but I prefer ADR's or stocks listed in China. I do have a couple reverse mergers still but those are definitely not long term investments for me.
