The pandemic also made it impossible for our outside auditors to enter the country of China and attempt to salvage the Wandi mining acquisition. We feel had this asset not been in China, the process would have been easier and successful.
Both Wandi and Tieshan Oil are in China. We are not seeking more opportunity there.
The onset of Covid-19 together with a general growing distrust of China has led the Board to choose seeking new opportunities primarily in the west. Changing auditors to a US firm was our first step in this direction. On a personal note, I would like to mention that although I am of Chinese extraction, I am a citizen of France and my heart is more in the west than the east. Accordingly, the Board’s choice to turn our eyes to the west is consistent with my personal plans.
To increase shareholder value and future company performance the Board of Directors has elected to undertake new approaches with a view towards long term operational successes.
Our focus will be on new and innovative technologies, sales and marketing of medical devices, environmentally friendly methods of energy production, renewable energy generation, improved and cleaner mineral recovery, proprietary water purification and more.
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