yes it's a POS, the managment should go to jail, when NED was at 4 the managment announced a stock buyback and said that the stock price was undervalued, what a bunch of liars, they deserve to go to hell!
Stock buybacks are usually a sign of corporate panic. The company buys back the stock to consolidate its control. If they really believed in the company, they would give dividends to the shareholders. Given their ambiguous signs, I'm starting to think that this company is being badly managed. Unfortunately, too many of the Chinese companies operate this way with little regulation and virtually no transparency.