RE: and some more relevant info This was a shot across the bow of the underwriters in China.
Keeping this in mind, I wonder what underwriter would gleefully try to unload a bunch of shares in a company that was taken from it's first investors without compensation......Not a nickels worth and worse than that, those investors have been totally ignored as have their attempts to legally reclaim at least some of their investment losses.
I guess we shall see......but I'm not expecting anything to come out of China that is informative. If we get something, it will come from NY and the SEC V Zhao case, and that is why I follow it closely...
Zhao is going to avoid any negative China press just as he is avoiding service by the Hague process, so if he bows to the pressure of what he did, it will come through the SEC filings....
I would hope to see a transfer of the SEC case from the trial judges chambers back to the Magistrates office if he decides to settle. If he does not....the SEC does not have unlimited patience and the securities will face revocation.