They haven't reported for fiscal year ended June 30, 2010. How long do they have befoire facing delist? This can't go on forever.
Anybody think management is considering an MBO to avoid the scrutiny that a proper audit would bring? If the company is as profitable as it appears, and product is as good, why would chairman want to risk trouble by revealing a few bribes to clinets or officials, etc? He could take it private for a relative pittance, then relist in HK or Shanghai later. He buys out shareholders at $3.50, which is barely the cash on hand, then he relists in China at the equivalent of $6 or $7 and makes another killing.