The most important questionIMO is: if and how they let shareholders participate. Even if the listing should be sucessfull it's everything but clear how the listing should affect the shareprice of Majestic. And the sheer fact that it is not clear does not bode well at all. What I have learned in all these years that shareholder value comes last i.e after their own interests and after the interests of their Chinese partners. So the phrase "in one way or the other cash will make its way to the shareholders" is absolutely wrong. It's a joke that Western shareholders must hope, that Chinese authorities will help them to get their fair share.