RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:local controller and other PRC finance department staffwho cares if you were right about the 1st tomato paste company? it just means the company actually did due diligence and avoided buying a fraud. It just reinforces that the 2nd tomato paste company (that was bought) isn’t a fraud
Why would a company loan the CEO money so it can lend back to itself? That makes no sense at all. I do not know what you were reading, but the CEO lent his own money to the company at 0%...which was recently repaid. "Mr. Guan agreed to loan the Corporation up to $1.5 million, to fund the ongoing expenses of the Corporation’ s Canadian operation. The loan is unsecured,interest free and will be mature on April 19, 2016."..only 600k was actually needed.
You never said anything about the corporate chops (I believe), you just mentioned the chops as a whole. The company only lost control of half of the chops, which is useless unless you have both. ". Both the legal representative chop and the finance chop are required to execute banking transactions." And they have spoken with the authorities and have been notified that it will take time to replace.
You are way too negative, you could be right, but it sounds like you think you are 100% certain that the worst case scenario will occur.
There is absolutely no guarantee that this company is or isn’t a fraud at this time. There is no point in speculating right now as you can't even trade. Just calm down and wait a month or two, it's not the end of the world even if the later comes out to be true.