Scott does not own 50%+ of the shares. No single investor owns greater then 50%, thus a vote is required to basically sell it's primary asset (spin-out, reverse merger, whatever you want to call it). I'd be surprised if Scott personally owns more then 100million shares. How many shares owned by individuals, directors, etc... is one of the many details that will (should) come out in the circular.
Since there is obviously no run up into the circular, I don't see that expectations are high here (unlike in the past). There is hope that details we do not currently know will bring in new investors:
1) If China's (CIC) investment fund happens to be one of the HKHE investors, you can expect new investors to take notice. Who HKHE is.
2) Who is funding the 540k annual business service agreement (maybe it's an off-take agreement from some large entity?).
3) Detailed plans on listing HKHE/Niostar, spin-out of Shinning tree.
4) Large shareholders listing.
5) Niostar and Shinning-tree update and short term plans.
.... a bunch of other details
My only concern is the circular is lacking in details or is vague on details (like most PRs). The sample circulars (links posted a few days ago) are very detailed, I expect the same here.
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