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PatientDAD

05/24/24 6:44 PM

#75082 RE: GetSeriousOK #75079

I may go back and look for the specific video, so I have it saved. If I do I will happily repost it. The yuan figure scales with the stock price as I recall. They don’t get 10000 shares for every $100 or whatever was said when the price of the stock goes up. The cost to get those shares scales with the stock price at the current price for whatever lock periods they use.
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PatientDAD

05/24/24 9:22 PM

#75099 RE: GetSeriousOK #75079

To clarify what I wrote: 1 cert = 1.5yuan.... if share price is worth 1.5yuan then 1 cert = 1 stock BUT if share is worth 75yuan then it is 50 certs for 1 stock, or if share worth 15yuan then 10 certs for 1 share. This is what I meant so in the example you or someone gave if it went to share=$4 that is currently almost 30yuan (making my math simple for myself) so 20 certs for 1share. There is none of this spend $100 and sell for $1000, 10000 nonsense. I did find this picture that someone else posted previously but I have not located the video I watched (which Wang stated basically the same thing) and honestly, I already know what I watched so I am unlikely to spend my time on it. I believe it was around the beginning of April or end of March. If I happen across it, I will post it. I don't ever post images so I don't know if this works right but I click on it and it came up. Also, I am sure this is evolving, so if someone doesn't like it then don't buy shares. Simple.It works just like for all of us, get in early and accumulate all you can and if they are successful and it goes up you benefit more than people who come in midway or late.