I'm not sure where you learned your math but 80% is not all.
"Many suspect Chinese companies entered the United States by conducting reverse mergers with U.S. listed shell companies. In March 2011, a prominent defender of soon-to-be-halted China MediaExpress (CCME) estimated that over 80% of all China reverse merger companies were frauds"
Which is why research companies like Muddy Waters and Citron have had an easy time making a name for themselves. When they put out a hit piece on a China stock investors run for the hills. You can imagine what happens to the stock price. Something to keep in mind when investing in VSPR.