I hope you guys will make money on this and not lose.
Filing was never going to be the perfect outcome. This company was never going to be fully valued. Not on OTC, not on NYSE. As we have seen so many times in the China space. The market simply doesn't care.
This is why I wanted to suggest a year ago that they should reverse merge into an Indian company. I just never said it because it seemed too far away from reality at the time. Or perhaps I did mention it, I don't remember. And now Laxmi is offering it as a potential solution. So I would say, go for it.
It would probably still take some time, perhaps a year. So a couple of quarterly cash dividends would be nice.
Petrejus "Laxmi is proving over and over again that his sincere promises regarding getting current can not be trusted. And still you choose to trust everything else that he says?" I far from believe everything Laxmi says. I stated weeks ago that I did not expect audited financials to be filed by t he middle of July. As far as I remember those promises have been issued by this company for one and a half years now.
But there is some information available apart from his promises and statements. One of the leaders of Air India seems to have taken him seriously for instance. If his company had been all air I guess it would not have been taken seriously by others in India. But I think there is a real chance that Laxmi is prepared for the worst and that there will be no trading in this stock and that he has thought a way to come back later. The financing he refers to seems genuine but so far it is not binding. I doubt he would have worked out these details on his own just to bluff the readers of this board.
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