At least we are given a deadline in the ER. Barlett was replace to meet the deadline? Maybe they simply do not have the time for a CC right now.
"Although the Company continues to believe that all of the foregoing actions are without merit, it has agreed to conduct a global mediation with the plaintiffs on May 6, 2014. Pending the global mediation, litigation activity in the cases is generally stayed. The Company intends to vigorously defend any actions that are not settled. "
I agree. They have May 6 as some sort of a deadline whereby it will be much easier to dismiss lawsuits if halt is already lifted. All of senior management is in China, busy in addressing Nasdaq's questions.
That sense of urgency prompted them to hire Chen who can pick up on Chinese law and language nuances and speed up the process.
I do not see anything new CC would bring. We were given quite a lot of information of what is going on.
The company is simply working hard and is determined to clear itself once and for all.
You perhaps noticed surge in malicious shorts/bashers activity, and there is a reason for that, in fact there are 6,000,000 reasons. The time for lift is approaching rapidly. Shorts know that, and are keeping spewing bs after bs + margin was payed for 4 months now. ...not an easy time for them...
Sentiment: Strong Buy
"Maybe they simply do not have the time for a CC right now."
-Maybe they do not care about investor relations any more
-Maybe they are in the final negotiation stage to acquire a coal mine with 100 million ton reserve
-Maybe the management team members are sick and taking days off
-Maybe NASDAQ ask the Company to shut up
-Maybe Nic Chen is having a marathon business meeting with SIC
-Maybe they are travelling to a hotel in Northern China to hold another strategic board meeting
-Maybe they are all working at a coal mine of Union to study clean coal
Therefore they simply do not have the time for a CC right now and probable forever. LOL