China Trading Stocks

[Scandle34]

it was impossible for them to report earnings

No. Maybe they decided it wasn't worth the effort, but it was possible. Not filing is a sure way to get delisted.

Now you're telling me that the market makers decide which one is pink and which one is grey

The only difference is whether anyone cares to make a market. Someone really needs to want to make a market to file a 15C-211.