criterion sold all their shares to market makers in 2009 at around $4-$5 if i remember correctly. There were NO buyers either institutional or retail since then, thus, those shares remain in market makers hands at a near 80% loss.
Thats why GIGM often pops to $1.50 or $2.00, so market makers can try to find idiots to absorb their stock of shares that are underwater LOL.
Im sure that if GIGM starts posting more fake financials the market makers would be overjoyed. But so far, GIGM is only reluctant to screw around with rev's, expenses and so on, to launder money out of the balance sheet, which is 100% real. The balance sheet is real, but since they need to launder out theft for the last 3-4 years, they simply rig expenses and revs in china and steal millions.
thats why Wang, Hui and the other moronic CEO left. because they were done stealing.
now the question remains, what potential is left for the Koos and their cohorts to use GIGM as a laundering vehicle going forward. Just like XING and CBAK, GIGM is nothing more than a scam that launders money under fake business dealings.
But market makers own like 80% of all the stock here, looking for buyers, so GIGM ALWAYS pops sooner or later temporarily.. until the scam melts back down again.