The company has about 20 lawsuits going after them so I hardly think the CEO is afraid of that. Especially since we all know that if the CEO wants he can pull the plug on the US shareholders in a minute. He just needs to take his chinese entity and pull it from the US company since this is a VIE. Heck he can just go dark like RINO did. Nobody cares about RINO anymore. The CEO of RINO is probably laughing all day long. Do you really think he will face some serious legal problems from US shareholders? I doubt it very much.
That said I do think that for all the companies who want to do a cheap buyout the best way to go is to let their stock open and buy all the cheap shares available.
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