RE:RE:RE:RE:Tough Holdstejamdev wrote:
PotatoBug and ChokladInvestor - I agree, this investment is in dire straits and could result in total capital loss - but it was enticing due to the weight of certain evidence (audited statements, private placements, insider ownership, Canadian expansion) and it may yet prove itself. Withholding the finance chop is entirely possible as a strategy for getting higher pay or severance. My wife is Chinese and this story is plausible as far as she is concerned - but Mr. Guan is clearly the linchpin. Either he is telling the truth and this problem/disaster will ultimately be resolved to the good, or else he's lying and stealing the company through a practiced form of incompetence. Only time will tell. As part of a small-cap, high-risk portfolio, GRE had its place. You just need to keep this risk strictly contained to a small position. It's not a reason to give-up on investing, it's a painful lesson in how to manage risk and look for fraud. If this turns-out to be fraud, then investors will need to form a class-action to sue the auditors, directors, and legal representation of GRE. Pennies on the dollar would be cold comfort - but at least you can share the pain!
I dont think Mr. Guan can "steal the company" through a rouge controller in possesion of the finance chop which holds NO control without the partnering chop...