Can we do something to bring the CEO to the bright side?
Resignations, lawsuits, Regulatory actions, and death threats, all are factors could drive the CEO crazy and you know what happens when people go crazy -- they go to the dark side.
On the other hand, this is a guy who built the business from ground up since 2003 and brought the company to public two years ago. Quite an achievement in my opinion. Alright, there are a number of defects, even fatal defects as he moved his way around.
The the bottom line is that there is a underlying business behind the paper we traded until the halt. It could be a very profitable business as the overhead cost is really low and revenue charged by the market players are really high.
Mr. Cheng does not want to go jail and he does not want make his shares worthless. He should be our ally rather than our enemy.
We the longs, holders of more than 1.6 million among the people who signed on the previous letter, should strive to bring out the truth of the market, and to bring the CEO to the bright side.
The war is far from over. We should not resign to the fate and sit here passively.
My questions is: what can we do? Any ideas? I mean ideas beyond the ones we sent to Mr. Cheng in our previous letter.
AI
