So you are saying that FHH Sino has
Been violating the law and accumulating more than 5% without filing the appropriate forms with the SEC?
You really should read the LOI and the Ks and Qs again.
The common shareholders have ZERO CONTROL OF THE COMPANY. There is ZERO REASON for FHH Sino to own a single share of the common as the super-voting preferreds have absolute voting control of the company.
Sino can buy the preferreds and RS the common shares out of existence and then issue new common in an IPO. There would be nothing the current shareholders could do about it.
There is no question, assuming there is even a deal at all, that FHH would have to buy all of KY's preferreds. FHH would not be so stupid as to spend all that money and then turn control of their company over to a diluting scammer like KY.
Here's a question for you:
If KY is so wonderful as to be fully reporting, why, exactly, did he not file an 8K (material event) when he dumped another 38% dilution into the float paying off a very small amount of the convertible debt? Why did he make you wait until he announced the merger and then let that little detail drift out in the Q two months later? Look at the volume charts for the month leading up to the merger announcement. There was no way a billion shares could have been sold in the market until the demand was created by the announcement.
You did know he dumped that much stock into the float during this 8K PR blitz didn't you?
KY has gotten so good at this scam he could do it in his sleep.
There is no merger. The LOI is another unanswered ridiculous offer by KY for a real company that KY published to create the demand he dumped a billion new shares into. The deposit money seems to have disappeared. It is not showing as cash on the books. It only shows as a note entry farther down in the Q.
Last question for the morning:
If FHH Sino is a Chinese Government entity, why, exactly, would they need to be playing games in the US penny stock market in order to raise money for expansion?
AI
