RE: Banlan vs Longkey
Here are some points for thought:
1. If Banlan is to keep its major shareholder status the max number of fully diluted shares that can be/ would be issued is 800mm. This does not leave much room for Longkey - Peak can issue additionally about 120-150mm shares/warrants so if Longley is to get on board there has to be something else to attract/buy them...and i think the attraction to them is the eCommerce platform which development will very likely be outsourced by Peak to Longkey and if successful Longkey would profit from if they are a Peak shareholder. Although it is not clear what portion of the ecommerce platform Peak will have.
2. The most interesting piece of info on the last NR was that Peak signed an LOI with Wuxi municipal government related to Peak China. Wuxi is where Longkey's headquarters are and in fact Longkey started as a joint venture with the Wuxi government who provided the seed capital...see link:
https://www.cata.ca/files/PDF/2009/Longkey2009.pdf
Also Longkey is still maintaing the English language version of the Wuxi website...see the bottom of:
https://wap.en.wuxi.gov.cn/wrap/wx/index.cmsAction
Furthermore, an agreement between a small company like Longkey and some of China's major institutions like ICBC and China Telecom is, in my view, only possible through a government connection. I think Wuxi gvmt must be the Big Brother.