at 1.26-1.28 today, bought 15,000 at sub $1, so the overall loss is not too bad for my last 5,000 shares.
I just noticed almost every small cap chinese companies reported bad results recently, it only proves that everyone was crooking their earning in the past. Never believe the cash balance on their book.
I agree most chinese companies financials are fishy., Only one I know for sure is legit is gsol. ceo grew up in small town in south central nebr. companies been in business for 40 years traded on board for 10-12 always makes money and basically has no debt. know ceo would believe all of financials. stock gets pummeled because everytone thinks ALL chinese co. are fraud