RE:One Thing I've Learned About...There are several legal reasons why money transfers take so much time.
Especially with China, since Jan 2016 government scaled back outflows to min...
There was a commentator on 690 AM news that said it is quite the exercise to convert into RBN, then to yaun, and then all through various commissions and fees. Even after averything has been transferred or processed, it is still illegal to transfer more than 50K/year.
Other methods could include bejing, western union, Bank of China, but it still requires third party accounts from outsourced regions.
https://www.chinalawblog.com/2015/07/getting-money-out-of-china-an-update.html Larger sums of money usually use already existing off shore accounts, and or the need to have wholesale trade accounts to prove employment...etc.
Given the fact that this should have not been new to corporate china business...if these channels have not been in place....then Peak is going to set like an egg just like many other stocks for a long time...lol.
Peak could request an earn buy back in...since they had no problem downloading a further 10 M shares at 0.05, this should be revoked back to shareholders.
Alternatively, pay a large china consortium that exists here to cover with a premium...lol.
Perhaps the stock should be halted until the boys grow and understand how stupid they look. After all, its there (china) honor being thrown out the window...
Peak could look into the chinesse community nearby, and I guarantee a motive wave on the technicals could exactly what the doctor ordered.
No excuse...start paying default on money...in back in shares...bring in credible consultants.
China could use the new Q1 results, subtract 4 M, and then declare payment...it will only show how disengineouslt cheap cat call...
Hire a good chinesse business consult with contacts...