Agreed. Nossiff is clearly going to be assisting them in the RM process, there is really no question in my mind, they are going public via this shell, that's a given at this point. Also, all the DD would indicate they are a very large company, with numerous subsidiaries.
My main concerns are:
A) what is the capitalization going to be post RM. When they listed on the local OTC in China they had 130M o/s with Jiangou Wei holding most of the shares. If they decide to go that route here, I sincerely hope they do a forward split vs just a big share issuance. They hold nearly 99% of the o/s, if anyone should forward split it's these guys. If your holding 55% or something, then issuing shares makes sense, but in this case a f/s makes FAR more sense.
B) Are they able to bring in foreign investors, thus far they have shown no ability to do so, but it's still very early in the process as well, the RM has not even taken place, only a change of control.
I've seen some Chinese companies that were pretty large, CMCI comes to mind, that never did anything here in the US, and the pps stagnated..........and other small, mysterious Chinese companies where the stock price ran to $30.00.
So you don't really know, could be a bust or could be a huge runner, you can't always tell by the size of the company, their ability to bring in Chinese buyers/investors is key, once they get the ball rolling US investors will follow.
At least with Nossiff onboard now they won't be totally clueless about the US Capital markets.
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