Dear Elsa Sung and Wubo Cao, (CC-Crocker Coulson)
As a substantial holder of JGBO stock I am concerned about the implications of JGBO 8K filed on 8/14.2009. In the 8K you indicate that you are unable to move funds from the PRC to the USA and therefore had to pay an interest payment to Pope in unregistered stock diluting the public shares owned by me and others. I find this unacceptable and ask the JGBO do everything possible to remedy the matter. Please advise ASAP all shareholders how this will be remedied and when.
I have other questions and comments:
Will this money problem delay JGBO moving to the NASDAQ? Are there requirements that a certain amount of funds be held in American Banks?
JGBO announced that it will attend the China New Drugs Trade Fair from June 26 to 28, 2009. What happened when JGBO attended?
Is JGBO going to issue guidance for fiscal year 2009?
Surely, more press releases are possible highlighting progress at the company. Please try to issue at least one per month.
In this case silence is not golden. More shareholder communication is needed.
I applaud JGBO sales numbers. In this area the company is doing excellent. Just please try to communicate more regularly.
Sincerely,
bigplay777
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