Good try, shorts. Your number before Year 2007 really does not matter before it was listed on NASDAQ.
Meanwhile, check the P/E ratio and PEG of the company. It is insane to have a company with P/E=5 or 6 while it is growing at +30% or more yearly.
And, why is it increasing the number of shares? It is a growth story! They are expanding their production and sales. They have nation-wide sale/service network, and need to expand their business to West China with hubs in Chongqing and Xi'an.
Bottomline: Bayclay's took the over-allotment at $5.00. They are not fools.