Yongye's delay of filing was legitimate and NASDAQ's intervention was inappropriate. After the company's response and filing, NASDAQ's halting of the trading for another week was totally unjustified. While investors are getting $6.6 a share, NASDAQ is making it a penny stock. NASDAQ is acting against investors' interests and investors should stand up and protest against NASDAQ.
NASDAQ did the right thing to avoid the spread of the fraud to other investors. As long as you are sucked into this, you should face your fate rather blame someone else for your own mistake to buy in this fraud company.