American Loran is one of the shaddy and grey ones in the China space. No updates, no conference calls, a going private deal that is already pending until October 2012. If you want to invest in the space you could better invest in companies such as Guanwei Recycling (GPRC), Sutor Technologies (SUTR), China Green Agriculture (CGA). Companies that connect with their shareholder's base.
be careful, as this may yet be just another Chinese fraud. We've had plenty of those in the past few years. its trading like one, so it is probably (realistically) one as well. May go to $0.20 and #$%$ there for years. The company has been awfully quiet while the stock has collapsed. The proposed "offer" to take the company private at $1.60 per share never materialized and we know nothing about why that happened. I'd say, looking at this company for a while, that there is a 75% chance that this is a fake, fraudulent company worth $0. Be careful and do more research before buying in.