It won't take much for Shiji to grow this company given its vast resources. I wish there was more volume so I could accumulate more, but I will have to be patient.
wash sale to take it down even though higher bids were present. To what end?... hold it down for accumulation or to profit short.
Not sure why you think that. Just means eFuture's technology will not only be used by Shiji but most likely eventually Alibaba and the geographic regions are expanding. Very positive statements by Mr. King, especially when referring to "Profitable growth for shareholders".
Mr. King said, “I look forward to working with the eFuture Board and our talented teams to pursue the well-defined strategic plan that we believe is the best way to drive profitable growth for our shareholders by leveraging Shiji's many resources.”
32mill is the market cap and they have paid as high as $11 for some shares
I mentioned that article here about 2 months a go and someone said it doesn't pertain to efut
It will be interesting to see how they will use/incorporate Efuture's business with Shiji's and what the results will be. Tremendous value creation here and Shiji with their resouces did not take this position as an experiment, they know exactly what they are doing and where this is headed, imo.
This is basically a publicly traded subsidiary of Shiji now given the Chairman is from Shiji and the majority of the Board was nominated by Shiji. Judging by the press release, Shiji is committed to growing this business and increasing the value of its stake.