Millions of dollars have evaporated because of the rumors of one person. Every time he is challenged he comes up with new information. However, lets give his story the benefit of the doubt. What does it amount to?
"The Company has two majority-owned subsidiaries in China. It has 80% interest in Hainan Lüshen Biology Technology Co., Ltd. (“Lüshen”) located in HaiKou, Hainan Province, China. Lüshen engages in developing, manufacturing and marketing artificial microorganisms (“AM”), high-efficiency microorganism (“HM”) based biological bacterium blends, and biological preservatives. The Company also has a 60% interest in Yangling Elemiss Foods Co., Ltd. (“Elemiss”) located in City of Yangling, Shaanxi Province, China"
CDBT does have an office in Gensu and two small real estate deals there but all its profits come from the two subsidiaries who operate in other provinces. We can conclude that the cash cows of CDBT are still in business and the alleged problem in Gensu will not destroy the company and may not even efect its profits.
Lets see if Northernlights will come up with something new.
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