I've noticed that this is one of the very few Chinese companies that seems intent on paying dividends or buying back shares in the near future. In 2007 and 2008, most of the company's free cash was paid out as dividends. By 2012, the company will have the capacity to generate about $50 million of free cash annually. Redman mentioned somewhere that the company told him they didn't actually need the cash from warrant conversion; the warrants came with the SPAC. A significant portion of the 20-F is devoted to dividend laws, whereas most Chinese companies simply say that they don't plan to pay a dividend and leave it at that. also, take a look at the bios of the Americans involved, inspires confidence.
