I'm with ya buddy. This ain't trading like a stock that has a $70B merger coming in. Not anymore. If there was no doubt as to what was exactly coming in, then this would be at a dime already and moving up...not a chance it would get bogged down at a penny and start retreating.
The other thing though, is the real kicker. For some reason, there isn't enough intelligence here to understand that FINRA holds all the cards. It's not a done deal until and unless FINRA approves and processes the corporate action of name and ticker change. The company is lying to the shareholders by saying the merger is done. It isn't done until FINRA says it's done. Period. The longer this goes without approval, the lower the stock goes now, as more and more doubt creeps in as to whether or not FINRA will actually process this. Considering the company is delinquent with some filings resulting in Pink Limited, and considering it may take months for FINRA to go over all the paperwork, from former management and the incoming company; and also considering there are fraud allegations against the Chinese company Jun Fenghuang, shareholders may never see the supposed done merger ever come to light, as FINRA may never process it due to these issues. If that is the case, the stock will get kicked to the EM right after the rejection.
The pumpers want us all to believe that the merger is done and the company doesn't need FINRA to approve and process it? Who are they trying to kid? And the ones who were the first to pump it may be aligned with Gene and Matt on this great hoax, if in fact, it is a scam. Time will tell.
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