They have until Jan 7, 2013 to meet Nasdaq requirement. The run seem to start now already w/ volumes and price going up, this can hit 1$ next wk w/ the momentum right now so no worries there. As i said, get in early for the earnings POP and RUN toward $1.70.
Price is too cheap for this company and many new buyers do some dd will see it.
Chinese management is very smart!. Chinese management's intention at this time is to go back to being a private company which is confirmed by the recent article within the last two weeks and you can read it for yourself. The company made no attempt to protect investor's interests. They want GPRC to be delisted and all of us investors will lose our shares and monies. They want to be delisted because management wants the company to be a private company again. How they are going to do it? they first will have the pumpers on this message board do their jobs to bring in new investors' monies. PPS will go up. They then are going to have their short sellers do their dirty jobs of shorting to keep GPRC under the $1 mark. Once the pps is up, their short sellers and day traders will race each other to short and make monies. This will cause GPRC pps to drop so fast and way below the $1 mark. This is a cheap way forChinese management to take back their company and start fresh as a private company without having to pay out for any investor's shares. If you think this is a long term investment company, you area dead wrong. If you think you can beat the other day traders and major short sellers shorting GPRC and make monies, good luck to you. New investors: do your dd and make a wise decision before investing in GPRC. This is short seller stock around earning time every quarter, and you will lose your monies if you are new and have not traded this security before. Message boards are full of pumpers and lack of facts which I have tried to present here. I have lost monies having listened to some of the pumpers on this message board.
Guanwei has had several inspections by German authorities so it is a legitimate business. The only problem is the weakness and trust in the China space. This affects also companies who don't cheat investors. Under normal circumstances this stock would trade around $5. There are just to many sceptics around.