NTAI had a very low float when JINGWEI ZHANG
took control. As of Dec 31, 2020 the float was only
60,000 out of 463.33 M O/S.
When he did the 1:100 R/S the stock halted trading
as the float was so low and maybe even held by insiders.
As of June 30, 2022 the float was 746 out of 29.633 M O/S
so it does look like he could have acquired it for a tax reason.
Well - that won’t happen here with Court documents
stating that the Buyer is anxious to complete a R/M
- which will bring substantial benefit to the Shareholders
and Company - and thus accelerated the Custodian
discharge.
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