Yu Zhen originally acquired the Common Stock that is the subject of this Schedule 13D for investment purposes. With respect to the recently proposed “going private” transaction involving the Issuer as described in the Issuer’s Schedule 13E-3 filed on April 3, 2013 (the “Transaction”), Yu Zhen believes that the terms of the proposed Transaction substantially undervalue the Issuer. In response to what it believes to be an inadequate offer, Yu Zhen may pursue any or all of the following actions: communications with other shareholders of the Issuer regarding the Transaction, communications with the sponsors of the Transaction, disposing of all or a portion of the Common Stock in open market sales or in privately negotiated
transactions, exercise of its dissenters’ rights and seeking other legal recourse to protect its interests as a shareholder.
There are 31.98 million shares outstanding. There are 24.10 million share float. There are 7 million shares difference. Company has 25% of the million share float. So, is someone buying at $1.92, 1.93 from the float, or from the outstanding shares?