I guess you forgot that Platinum needs to approve any dilution. Considering they're the largest shareholder I wouldn't hold your breath.
Nordlicht needs to get this ship in order. Why buy another $220,000 worth of stock that's clearly uninvestable at this point? Maybe he believes there's some hope, time will tell venezuela. Venezuela = Chavez not good kid!
Doman's out because he was voted off. He clearly would of stayed and kept taken that ludicrous salary. The guy couldn't even get the CE Mark. Embarrassing. At this point it's whether you believe Platinum who just bought another 100K shares can turn this turd around or not! It's anyone's guess at this point.
Ok thanks and that's why we're @ .10. To think I bought back in Jan after I exited last Aug because of the shadiness with the environmental system upgrade with no notifications and excuses about div/buy back. Somehow I got lured back in like an idiot. Still putting out hope the SPA w Power Apex means they're looking to maximize those 13 mm shares but I know it's a pipe dream.
Heard that's their goal eventually. On your theory that Power was the main creditor who got screwed could it be possible they begin ops and eventually pay themselves back and maintain the same share structure seeing that they own the 13mm shares? Or do they lay claim to the whole facility? Creed?
RPC govt? Who dat? Umm many ex-directors? There's one and he's an american. I'll concur with your cash thought, where done gone..
Go ahead make a call to the CFO and see if there's any cash left here.. Pick up the phone and you can get your answers
with no cash left here in the U.S. accounts how much longer will CFO and the two other board members hang on! Not very long IMO. Zhu should be shot right next to his wife!
buffeit why are you making such ridiculous comments, Bruce has/had 9000 shares whoop di do!!
agreed creed, I held out hope for the next update you would get from them looking for a miracle but got the final nail instead.
Takeover? No need too they control/own it at this point. Bruce throwing in the towel was a cowardly act, trying to save face. Why unanimously vote these two on the board as the CEO/Chairman/Director, knowing they were part of Power Apex and #2 knew you couldn't get the info/answers you wanted?
Creditors? The annual was signed off by the accountants CFO etc.. on Mar 17th, all of a sudden Creditors came a knocking! Zhu should be lining up on a firing line!
Who still believes zhu got anything for those shares he transferred to power apex? The govt is controlling things and it's a shame Bruce quit and didn't see this to the absolute end.they borrowed cash last week, probably to pay for some of his expenses then he bolts. Insolvent on Apr30? Amazing that article was a month earlier and we all had zero clue. Power apex simply wants no investigation and start up the facility and retain all revs. Painful to read but the lights are out officially! Lesson learned zhu is #$%$ hopefully he meets his maker!
arartre, Wuxi hasn't even done the similiest of steps regarding their purchase, file a form 13D as a beneficial owner greater than 5%. They had 10 days to do that to follow the rules of the SEC. Zip from them. They took control IMO to restart the facility but w/o any interest in following the protocol of a U.S. public company. The cash that was here in the US to pay for the simple things like IR, CFO salary, directors, filing fees, website provider etc is all gone. How is that not a priority if you want to maintain the status of being public? All we can hope for is that the current board 3-2 in our favor is able to persuade them (WUXI) to follow the steps and understand we shareholders are the remaining 56% of the company. Haven't seen or heard what the answer to that quesion is yet!
arartre let's use some common sense why is stock at $.29? And not the $50mm-100mm valuation you say he possibly sold his shares for? It's at $.29 because of a clear lack of information and the allegations that prik Zhu stole or attempted to steal from the co. For the board after 2 plus months be unable to give us shareholdres any insight into these allegations speaks volumes. They're being stonewalled and at the mercy of the now 44% shareholder, the local gov't. If you want to believe they paid this criminal tens of millions of dollars then go ahead!
What did you simply take the halt price of $2.08 and the day before close of $4.35 and assume that's what Wuxi did? Stop spreading nonsense, they paid ZERO for the stock was simply a local gov't stepping in and removing the embarrassment of Zhu.
that makes it about 100K shares at $2.20 since Doman was voted off. I'm sure they have a inside take on the important turnaround this co. needs. Still looking for the balance of the Chinese money to start that technology transfer and hopefully some other resignations. And a NEW CEO!
That would be the ex- interim CEO, yes. Thank god, one by one we need to knock these guys off. Nice to see Platinum purchasing another 65,700 shares @ $2.20, i think it's just about 100K shares since the vote went well.
Wait you think the local gov't is going to give a criminal $27m-57m for his stock? Do you think before you post?
They got the shares for ZERO and now control the company outside of our 3-2 board seats