So it looks like you have about 175,000 shares of his stock! The question you should ask yourself is very simple: if you have waited this long to sell, why sell right now when you don’t know anything as to what this company has been doing during the past 18 months? However, you do know one thing that is very clear—they have a competent accounting/auditing firm that is working to finalize their financials. No matter what others tell you, this company had sales in excess of 60 million dollars in 2012—and that is not junk!! It takes a lot of people to generate those kinds of sales—yes, Wang has a workforce of 70-90 people who sell the products and deliver them to the clients. And remember that Wang is not having the financials audited to please just the shareholders, but rather to satisfy the requirements of Chinese and American regulations, and even more important to present these financials to banks and other lenders to get the new funding needed to expand the business.
Any advice you receive to sell now at 6 cents should be evaluated based on whom you believe and what you believe. Maybe you should contact the posters who have more shares than you do to find out what they are doing—yes, try dmg in particular and he can give you some solid advise.
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