From info out there, there should've been no problem. What's the hold up then? What don't we know. The nature of the company is steady-edie, bread and butter, with the seasonally strong period coming up, and a supposed bump up in listing around the corner. Everything crapped out yesterday, but why today. The other small cap chinese companies have jumped up this morning along with the nasdaq. This is getting worrisome.
I wonder if that funky shares held in escrow to be returned if certain performance metrics aren't met. This is confusing and it isn't clear whether or not this will be dilutive. I think I understand it, and don't think it will be dilutive, but it is a material amount of shares, and thus a blight on their share equity, which may be frowned upon by a major exchange.
Mr. Chen answerd by investor relations that the filling was in August and that listing will follow within 1 to 6 months, normaly about 4 months. I personaly think the announcement will be this year. Q3 will be very good, remember the aquisition they made for the bigger valves. A positive surprise to me was that he assured it would be a nasdaq listing. So CVVZ will go up very nicely within short term. This is a kind of stock that has a big potentiel and that large investing companys will like very very much.
It is a leading company for the bigger valves and that is what china needs for water supply, different kinds of energy, and much more.