RE: A reminder of Puda Group Structure Yes.....I recall it...and it's a classic structure set up to impress and look good to any potential investor.
Looks like he will be adding one other department and that would be investor relations, assuming he ever lists the thing. But he probably wants very much to do exactly that.
But I question the idea of listing a conglomerate in this day and age. He would likely end up busting it up and relisting the chunks as the Chinese markets merge or attempt to merge with the rest of the planet.
Perhaps he knows this, but to list it as a conglomerate would only lockup a bunch of value in a conglomerate that responds to energy. All the rest would be wasted assets and the dividends he would have to pay to keep investors interested would be a staggering expense ....assuming he would even offer to pay them.
Seems to me to be way too much complication in a world where complexities are not really a good thing to have.
Having said that, I doubt any sort of IPO would escape scrutiny because of the pending litigations over Puda. All his efforts to rebuild his image are fine and dandy, but those efforts all claim that trust and honesty are number one! (thats practically a quote)
If he does not follow through, all those efforts will be less effective...or will be met with resistance from traders who do thorough DD. However many banks and mainland financial institutions with more money than sense will buy into his IPO and he will have some degree of success. China is a big place and it is still somewhat isolated from the west.
He may view that as enough for now....
So I wait with anticipation to see what he says next.....or does....While I wait to see when the SEC loses patience and ends this. September is not a date set in stone or anything like that. It's simply a calendar date where the SEC expects the paperwork from the Hague process and has promised the judge that it will report to her a decision on the SEC V Zhao case...
Right now, I fear the worst, yet hope for the best, because that is all I can honestly do.
I guess we shall see...but the clock cannot run forever. Unfortunately my memory of this experiance will last until I check out.