That would be my biggest nightmare.
I own 40.000 shares average 0.734, bought a lot when there was an bid of $3.2.
In the press release they say that Wuxi is half of the Company's assets, what about the other half?
Isn't this a chapter 11, so the company can recover?
I don't understand why they want to buy the company till a few months ago and now this press release?
I received this mail less than 2 months ago: At this point, the company is working hard to achieve this, but there is some risk as it is tied to the restructuring of its subsidiary Bazhou Seamless and other factors that are not under its control.
I do not believe that this announcement has any impact on the 20-F or previously reported financials.
I was informed by the company that management has not sold any of their shares, and that their holdings are consistent with the 2012 annual report.
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