Spoke with IR, JB leaving for China anyday. Here's a great piece of info we didn't have before. Watch this.....
From last PR
The pipeline is much larger than just the announced clients, and some companies in the pipeline will not meet the necessary standards for a U.S. public listing."
Guess how many companies are in that pipeline of potential deals.
Answer from IR: SIVC has 15 China Companies in their current pipeline. Not all will qualify but... 15 is a huge pipeline. Now I know why JB said this....
"Redwood Capital now has three active reverse merger clients in China and is considering several additional candidates"..."These results graphically highlight the reason that we are working very closely with Redwood Capital to reach, and perhaps even exceed, its goal of participating in at least one closed reverse merger transaction per quarter," Mr. Bickel added.