RE: Secretary of the Board Of Directors position From your comments on the yahoo board, it seems you believe this to be a indication that Zhao is wanting to list Shanxi Puda Coal Group.
I am not so sure of that. It is also quite possible that he is preparing for a private equity investment. Or a private investment scheme organized by a VC firm.
I am not totally familiar with Chinese rules regarding LTD's stock issuance limitations but doing this might make it necessary for him to issue more stock to raise more equity funds with more investors which would make him responsible for certain reporting requirements. But these schemes have limitations as to numbers of shares and numbers of investors.
I note this possibility because the personnel requirements do not require familiarity with any stock exchange listing rules...It only asks for someone who can handle shareholder inquiries. Stock exchanges have much more in depth knowledge requirements for public information dissemination and must be done for all at the same time and not one on one. A private deal would not have public requirements and would be limited to a smallish group of investors.....probably no more than a thousand to 1500 depending on what the Chinese regulations are.
Thus....right now this sounds to me like a private equity deal and not a public listing. In any case, the timing is interesting...and it could be a good move for us if the funds were used to buy back Puda Inc..and settle the SEC charges....But that is a long shot bet.(but it's the only bet we have left).