just because its a steaming pile of fertilizer doesn't mean it can't go up for a while.
relax. lots of businesses fail miserably, change direction and rescue something of value from the rubbish of the past.
maybe years of experience and hundreds of torched investors later these guys found something to sell in triway that they were able to cleave off of the junkyard of prior business attempts elsewhere.
that doesn't mean that the new deal is going to be managed any better. fuggeddabouddit. just means that they seem to have a piece of business that isn't totally worthless.
the ridiculous piece is the license fees they supposedly pay back to the holding company. almost impossible to get a HK listing when the listing is predicated upon independence from the parent. beyond that we still have the problem of the triway board authorizing "royalty" payments for what appears to be unlicensed unpatented unregistered "technology" so if there are actual, bank identifiable, proved cash payments back to SIAF the board would have to prove that this was based on valid technology which we have not ever actually seen.
there's a massive uphill climb from a compliance perspective.
zero interest to bet it's approvable.
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