I think the link provided to the national company registar in China is accurate in reviewing this with regards to reviewing the annual reports for the period ending 12/31/2016 filed on 5/26/2017 Zhongji Ming Yang New Energy Technology Co., Ltd. Nanning Branch shows that the assets are worth 5,000 million RMB. I used multiple translators just on this and it looks good to me. If true then we are at least $1.00 a share. I will ride the storm out and could care less about short term american stock flippers trying to say this is a scam when this comes directly from China's Registrar of businesses.
I could not verify the payment you mentioned of $200 million paid in early 2017 to Zhongji Ming Yang New Energy Technology Co., Ltd. Nanning Branch but based on how they have hired 200 employees in the last 5 months I believe they received some type of cash infusion.
Either-way its going to be very interesting when consolidated filings come out. I ended up partying some more. May be at the boat longer than I anticipated. Enjoy the cheap shares while they last. And put the naysayers on ignore. There is definitely something here IMO! Not to mention the national patents.
This stock is now current. Expecting the stop sign to be removed next week. The billionaire is still saving 12% in fees by going the RM route he chose. Why get hosed by Wall street wolfs in addition to paying many many millions upfront. Also the best confirmation is the April 6th PR that they did complete a merger and are working on filing consolidated filings. Thats what we need to get the party started.
The billionaire knew of the issued shares upfront. Question is did he purchase the shares below 0.001? It really does not matter if the shares do get retired or not. If we get orders for 1,000,000 EV batteries this stock will start to move. GLTA and enjoy your weekend!
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