Chinese stock and US stocks are no different, it can be good and it can be bad. The worst reverse merger I played was PRCI(now NADA), the stock price was 30 cents and in the process of the merger the stock went up as high as 8 dollar. it just depend how you play it. of course there are a lot Chinese stocks who did reverse merger process.
But for por Dios por Santo DANG is far from that scheme. DANG was able to met well NYSE strict requirement for listing. Guys don't response to this non-sense.