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Letitrun

12/02/12 3:07 PM

#4048 RE: wobblenuts #4047

I think it would be very hard for you or anyone to know at this early stage how the vote will go regarding increase of authorized shares. It was voted down by shareholders the past three years.
I voted a huge block of shares against it this year...
Imo

renoldman

12/02/12 3:30 PM

#4049 RE: wobblenuts #4047

If this was truly the case, why let it run until now?

Well, I can sort of understand why until now ... the convertible bonds didn't become due until this year.

What tax benefits (in China) does he receive by running a current filing company in the US?

Even if there are enough votes to increase the A/S why would Li do it now?

Everything else has been done by the books, why would they issue shares under the table at this point?

I highly doubt that NIR Group while being wound up, would risk naked shorting a stock.

Could you imagine if they did under the belief that they would get their cheap shares?

Imagine that, NIR Group causing the biggest short squeeze in the history of pink sheets.