Yeah, because every legitimate multi-billion dollar Chinese enterprise tosses out bogus financials when they fail to meet a deadline because, gosh darn it, counting all that money is just hard.
You think they filed a fraudulent quarterly financial statement to "not go past the deadline," even though the only penalty for going past the deadline is falling back to Pink Limited? (Which happened anyway BTW.)
The Twits on Twitter who think the second column on page 13 shows the actual number for Q1 2024 -- it's still only $13,028 net income for the quarter. And they supposedly spent $28.3 million on "general and administrative" operating expenses in one quarter? Say what?
And you think "they are not shy to amend any filing" is a good thing? Their errors were sloppy and unprofessional. Maybe a good thing would be to proofread the filings before uploading them?
They absolutely will file an amended Q1 statement because there's an error on page 15: the second column shows 2024 when they meant 2023.... This is supposed to be a multi-billion-dollar company but there's nobody with high-school-level accounting skills who can prepare a financial statement and nobody with high-school-level English reading skills who can proofread these statements? There's a pump going around that this company wants to uplist to NASDAQ -- the SEC 10-Q is a lot more complicated than these alternative reporting statements.
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