Not sure what to say. I'm torn between being able to understand what they are doing (from their perspective) and criticizing them heavily from my or our perspective. A lot of it has to do with financing/loans. Perhaps not so much with being in the China space.
Perhaps it is best to say nothing. Although I did send an email to Dan yesterday and told him he needs to stop dumping shares, or resign. Fair comment, I think.
My feeling tells me they do expect to receive a lot of money from somewhere soon. Otherwise they would have given Garrett shares for his loan. Other than that, let's wait for the TRW announcement. If a few weeks turns into a month (or more) and we still don't get a Record Date, I will draw my conclusions.
They kept up appearances as long as they could. The books were always totally cooked and businesses mostly fake.
Now it has been exposed, investor money has ran out and they need to dilute.
It's just a regular scam that loos like what it actually is.
It was totally out of hand when people believed they make huge wins and have hundreds of milions assets.
The reality is negative EPS that's why they print and sell shares now.
It confirms the assets fake as well, they know what they have, if it was real what is in the books they wouldn't sell their stocks with 1/70 of the book value.
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