I have lost money in this stock and meanwhile what is China doing? I complained to Washington after the stock dropped around twenty dollars a share and was told the proper place to resolve this was to wait and see what the Chinese Courts do if anything. I have been waiting and waiting and even the smallest lawsuit has been put on hold for further review from the Chinese Courts. In my opinion AMSC was wronged by Sinovel and AMSC shareholders were wronged by them and now by China courts.
What a crime, your rite, Chinese steal everything, fake iPhones, fake iPhone stores u name it, and our gov just sits there and takes it. If this was in a U.S. court Amsc would have a slam dunk victory, for Pete's sake the guy who stole the software patent is in jail.
The guy who stole the patent is out of jail ,they gave him a soft sentence so he would give them all the evidence e-mails,contracts ect. that they needed to go after Sinovel.The Chinese gov. knows they were caught red handed and are waiting to find a reason not to pay amsc.
the only reason the Chinese court is delaying the decision, shows that the court will have to come up with a positive decision for AMSC since the evidence is obvious... if their decision was negative,they would have issued it by now. this stock will be back above $3 after next earnings for sure