Capitulation??
Tick tock, tick tock. Time moves on and the PPS continues to drop and no one seems the least bit concerned. There is no coherent effort to do anything.....well guess what if we stay on our current path the stock is going to be trading for a thin dime or less when the Chinese New Year holiday is over. More importantly, as shareholders see that there is no coordinated effort being made to bring pressure to bear on Mr. Shi they are going to cash in their shares believing it is better to receive pennies than nothing. The only saving grace that I can see in this whole mess is that the trading has been very thin after the initial huge drop in the share price telling me that the remaining shareholders are hanging on to their shares. But how long is this going to last if we don't have an organized effort to take action? I'd like to see the major shareholders step up and take some leadership in this regard. My understanding is that Glen Bradford, Jim Bickel, and Northen control a significant portion of the free float. I think that the vast majority of us would be willing to participate we just need a coordinated effort. I have personally filed a complaint with the SEC. I have also written both my congressman and senator and asked them for assistance in following up with the SEC. If I were able to speak Mandarin I would be happy to write letters to the Chinese media. I've heard discussions about taking our shares out of street name and distributing a portion of our shares to friends and relatives in order to disprove the claim of less than 300 shareholders. I'm happy to do this as well although I will have to move my shares from Ameritrade to do so. All my efforts will simply be whistling in the wind however if we don't jointly mount a cohesive, coordinated effort to create some pressure for positive action.
If there has been credible assurance that this is going to turn out all right I wish someone would share that good news with me. Otherwise, I am simply dumbfounded by the seeming lack of interest by members of the Board in preserving our investment. If you all believe it is truly hopeless then please share that with me as well so that I can move on to other things and lick my wounds in private and stop my pestering.
