"Then out of nowhere we get a Reverse Split. I mean that made absolutely no sense at all. The only way that would have made sense is if the company was ready to execute a plan to uplist... and by ready, I mean had the investors already lined up to utilize the preferred shares that Mr. Wang holds. He would have gotten the common shares down to a manageable 8.45 MM and then he could have used the preferred shares to entice in the new investors. But, this did not happen. I find this the most puzzling part. If he would have been ready, the price would easily be over $4.00 per share right now. The company had the opportunity in the palm of their hands - but nada. (This is truly perplexing to me)"
Ilhabela777: What's to say all the "plans" outlined above won't all happen yet in it's own time frame? What inning are we (they) in? Is the game over? Who won? Was the game cancelled due to inclement weather? China is half way around the world. You can't get any farther and remain foot on this planet. Patience is the key. Maybe Mr. Wang is READY but LINED UP investors see in REAL TIME that cheaper prices are abundant and want to take maximum advantage of the "crisis" at hand. These INVESTORS are not signing on for a quick flip. There is alot of money to be made if timed properly, unfortunately at the expense of true "early" investors who now feel burned, cheated, etc... Who would have thought jumping onto an unicorn would prove to have been "premature". Everyone was so worry about getting in "too late".
Sometimes the "earliest" bird doesn't get the best worm.
Maybe the best worm overslept and the tardy "johnny come lately" bird gets the better worm. It may not be fair in your (our) eyes but it's life. Why otherwise would WANG elect to use a REPORTING OPTION permitting him NOT TO DISCLOSE all of his assets yet as he did in the 1st Quarter report? He Reverse Split 100 for 1 "too early" to shake off as many lightweight penny stock mentality shareholders that could not afford to traffic in less liquid $2.30 shares as he possibly could and it's working. They are dropping like flies.
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