We know this is a clean shell with a small float. We should be receiving updates from the company at any moment. In my opinion $CERPQ holds the following values:
1) Suning.com had over 38 billion in revenue. With our current float that valuation would be massive.
2) Using the Price to Sales (P/S) valuation for Xiamen we should conservatively be trading .07-.14 now. That’s calculating in the 50 million control block. Remove the control block (true valuation) and we should be trading .21-.42.
3) I won’t speculate on specifics with the JPMorgan Chase Blockchain expert other than to say we would be sorely undervalued at our current pps.
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