Hi smitter,
I feel your pain! JZBY was my first Chinese Reverse Merger Play that went south with a Huge Reverse Split. Then I thought I would Do Great here with HTIC that appeared to have No Reverse splits coming since the CEO owned 72% of the float? The Free trading shares of 100 million shares was perfect. All they had to do was announce the news and the PPS would have taken care of itself. There was absolutely no reason for this CEO to do a 1 for 800 Reverse Split even if they wanted to up-list. NO EXCUSES!!!
Fortunately for myself I decided to take most of my profits last week. I am getting more and more into not trusting any penny stock. I still was holding 25,000 shares for the long-term, but I sold them when I seen the reverse split. For me this is the last of the Chinese Reverse Merger Plays. I hope that you didn't have too much invested here?
I wish you the best of luck my friend. Remember to always get in and get out of these POS Penny Stocks!
Market Data 
Markets 
AI
