The more I've read, the more I believe that the company largely was an over priced hoax from the very beginning. 300 Million dollars in padded books , and that's just what was verified by the Chinese Government.. We don't even know how real that was.. Other reports came in recently that stated that the valuations on a large portion of their stores was a big part of the over valuation. It stated that a lot of them were nothing less than sub part low grade stores in substandard areas.
That's how this scam went down in the first place.. They cooked the books to pump this stock up as the Chinese version of Star Bucks and the more that comes out, it sounds like it was nothing but cooked books and crooks running a scam using a bunch of sub par realestate to pump up the companies net worth.
The longer it goes the worse it gets.. This scam is over.. It should have ALREADY been de-listed and likely should have never been listed in the first place.. Even the big investment houses like Motley Fool are saying they got duped..
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