People dislike the antics of this mgmt team and china small caps in general.Eventually all those people will be out but in the meantime there has been alot of damage to the psych of this stock.I am waiting to see why Mr HU needed money so fast and this hasntt been diclosed to the public.ALSO WE have not seen who put money in this time as them seem to want to be transparent.All this has left a bad taste for many shareholders.Exclusive of any material news we will be stuck in this 4.75 to 5.75 range for a very longtime.jmho
I suspect one of the reasons they did it at this time was to shut up all of those funds who said they didn't like the stock due to its less than stellar balance sheet. With this funding, they should now have a year end statement that shows over $25 million in working capital surplus. If they waited another week, it would be this Summer before the balance sheet would show up. I don't like the stock action after the funding, but you sure but I am glad they have the money now.
I know of at least one new fund who is in there buying today because the funding was completed, and they are getting to buy the stock in size under the offering price.
I just read your last 30 posted messages. There seems to be a pattern there. Just wondering if this is a winning strategy for you? Oops sorry accidentaly hit the ignore button. I guess I'll never know.