I believe the C.O. will happen at their pace not ours.
There is no such thing as "their pace". LOL. You adapt, and move quickly.
I think... a cash dividend is the right answer now. Well, if Solomon or Dan believe that they know better, let's see how this plays out for them. I'm hoping for a short attack in that case.
Quite a few went private. And most were rip-offs. That's one reason why the sector is so depressed. If the winners go private for a small premium and the losers result in a 100% loss then it doesn't make economic sense to invest in China stocks. The stories I could tell you. Surfer even showed me one that went private for a ridiculous price. The top 5 or so shareholders owing more than 90%, united, and decided to rip off the other 10%. It still felt highly illegal to me, but who wants to file a lawsuit as a minority shareholder, right.
All part of basic due diligence when picking my investments. :-)
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