is this why the shares are near 52 week low? i was looking at the blogs and did'nt see any reason why. havnt been on china watchlist for awhile. saw how low this was so i put it im my portfolio like i did fuqi. will watch as soon as starts to move will slam some shares on.
The volume means those share haven't sold or were placed with large buyers off the tape/but there is no way large buyers paid an above market price, so those shares haven't sold yet.
SCEI did this in December - I believe the offering was supposed to be at 6.75 or something and most of the shares were placed with large buyers at 5.25 with the greenshoe hitting the tape between 5.50 and 6.00.
Read the prospectus - start at the back, where the stuff about risk and what they don't want you to know is buried.