I don't understand the BoardIf you are not aware, there was a press release issued at the close today. There are many things I find troubling about the Board and Loudon Owen's communications. No doubt you will find many more.
They repeat that they terminated Mr. Yu and the Chinese Board members but they have never said why. I think it is totally wrong for him to take the company down this path and not tell us why.
If terminating Mr. Yu was the only alternative open to the Board, than why do it in such a messy, awful way. It is ridiculous that the Board did not plan the transition before executing it.
The press release reads of a terrible process that has left the public company in a difficult situation until it can exercise control over the subsidiaries...maybe in 6 weeks!!!!
Mr. Owen and the Board, WTF are you doing?
If there is a good reason behind all of this, we have nothing more to tell us that is the case.