It is ironic that there are no typical Paid Bashers of Chinese stocks bashing ZX on this board, yet we know that the CEO and the whole dependent board are cro-oked and want to cheat the shareholders with their phony buyout offer and indefinite time to consider it. But there are no more cheap shares left since no one is selling to them. Eventually they have to come up with a decent cash offer.
It was not widely followed before and after the buyout offer and selloff it fell under the radar. How long does it normally take to evaluate an offer? Its been 8 months so far. But there no cheap shares left in the market for them to buy. So sooner or later they have to withdraw the phony buyout offer and replace it with the cash offer if they want to go private and that cash offer has to be at least $3.50 to $4.00. Of course they could reject the offer and continue as they are which has also been a very profitable venture for the cro-oks since they got to buy so many cheap shares.