by Kaushik Basu, Scientific American, June 2014, pp. 70 - 75
Peruse this article for education about the psychological group-behavior it describes.
The majority of FUQI-holders are just pigeons to Wall Street con artists.
I think the CEO moved the funds to his real estate business.
FUQI went as high as $28-$29 per share before the fall!
Someone internally took out $400 million in cash out of FUQI! And it never came back!
They IPO at $18 and turn around buy it back at $2. Who will be the final owner?
I am trying to get an update on this? There has not seem to be any news out on this matter here or anywhere lately!
That will never happen. fuqi ceo can't abandon shareholders forever.