Hope you are well. First, I hope you can understand that I wanted to take the Company back to Nasdaq as much as you do as I believe most of the investors have been hurt/burnt after the attack. Furthermore, I was well aware that my stock options would become worthless if the Company maintains its current status.
In May, we have issued a PR saying that the allegations were proven untrue by Shearman & Sterling except for biodiesel production capacity. Sometime in August, we have reached out to the SEC and explained the reason that gave rise to the discrepancy so that this remaining issue can be resolved. Up to the point of my resignation, SEC has yet to respond.
After having said all that, I certainly do not have an answer for your question. I have given my all to help the Company through the investigation. Now I am back in Shanghai and start afresh.
Tgator might be right,that sounds like it was sent to Toby,Last time he was on here he said he was very sick,I hope it was not this stock that made him sick,there was another guy Jack who was on this message board and he was devastated sounded like he put most of his money in this stock and said he could not sleep.It is always tough to lose a lot of money,Unfortunately i have made some investments that lost me over 70,000 bucks, and one was in 2012,aside from that i did very well but only had a tiny profit for the year and the stock was Chinese that I lost on,and of course after I sold it,it doubled of course.It sucks to lose money but that can be replace,health cannot sometimes.It is sickening seeing the same scenario play out again.
The SEC may have been waiting for the litigation/mediation to end.
The Longwei attack makes it clear a buyout is the answer.
Gao puts this sorry experience behind him, returns some cash to NA investors and can travel the world without worry.
Not his fault, the bio diesel was likely a tax dodge but the only resolution is a buyout.