RE:RE:My Mistake Dr. Cai has............You have nailed it... this is a lifestyle company... I was in years ago, made nice money in the bull mkts when it traded way up 6 or 8 bucks or something crazy in 2011..
Then I held onto some and traded it down... slowly realizing that China is corrupt and nothing gets done unless the right people are paid. And they dont pay foreigners... After so many years of no permits etc.... I finally had to realize that it is unlikely it will ever get done. And I don know if Cai started out thinking it would progress, but I think he realized it is easier to make money by just sitting on a big pile of cash raised from naive Canadians and living off of the avails. Lots of this goes on... it's legal and you dont know if the story is real or not. Mgmt experience so important and I don think Cai has ever had any success in anything, other than living well.
I have no idea of what really is happening in china but I can't see why this will change after so long... hope I am wrong for those still owning it. Price is up lately so I will be happy to be wrong.