What worries me is that Alibaba, the largest IPO ever has the same scam corporate structure that all the others like ABAT had, a non asset structure through a Cayman Islands variable ??? structure that leaves US stock holders with no access to sue or ownership of actual china firm assets. But then again most US based companies have such complex asset structures that only senior debt holders have any real access to the assets in court.
Read the old ABAT SEC fillings, 10-Ks about the variable ???? structure through the Cayman islands they use that leaves US stock holders holding essentially worthless paper unless there is a market for the worthless paper and a CEO that creates that market..value and the ABAT CEO has done nothing to create that value for years.
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