Replies to post #1353 on ShengdaTech, Inc. (fka SDTHQ)

[doriangrey]

ShengdaTech, Inc is a profitable company that has been fighting a chapter 11 due to former Senior Executives embezzling a large amount of money from the company. The investor I pointed to looks like he is putting up $6.00 plus per share for 10% of the outstanding shares. So yea, considering that they have a Chapter 11 court breathing down their neck I do think they will protect the investors.