By filing false financial statements and then no statements at all. What is honorable in doing this. It is simple pre-meditated fraud. We should not give him the satisfaction and settle with him. Unfortunately US lawayers are just as corrupt, especially the ones who bottom fish in securities. But this is a well known joke.
You write as if you know him personally. Are you the "mole" on this board? There have been more prominent Chinese people been shot because of corruption.
These fraudulent RTO's have damaged China's image forever. If I were a small cap investor I would stay away from anything which has Chinese participation unless they have substantial assets in the US.
The fact that DYNP and DGWIY have avoided to communicated with its investors is not a good sign. I just hope that the SEC does not help them by declaring their stock symbols non-tradeable. I do not like this cooperation a bit. This way I do not see any "legal entanglement" if Mr. Guo chooses to list at home. He would not even have to do much explaining
It should be evident from his actions that Mr. Guo is a #$%$. Companies like DGW, TRIT and RINO were heavily promoted by some US marketers who got free trips to China. I am a water engineer and the range of equipment DGW had to offer was outstanding (if true). This is why I am always asking whether none of our Chinese investors on the board ever visited his facilities. If true then Mr. Guo is clearly in breach of SEC rules by not filing the required financial reports and the SEC could report this breach of contract also to the Chinese authorities who are probably not interested to have such foul apples in teh investment basket.
To let Mr. Guo of the hook by signing a settlement agreement is wrong. He is a financial #$%$ and should be dealt with.
So why the lawyers not go after the Underwriters pockets. I think it is a disgrace to launch an IPO at $ 18 and have even a secondary and later offer investors cents on the dollar. Clear case of delinquncy in their duties.
If we are not part-owners what then is the definition of a shareholder? Why would anybody invest if this does not make him a part-owner? I think you are not following where I am getting to: The problem for US investors is not the Chinese government but the SEC who permits these companies to list in the US and then has no tools to protect US investors. Their only solution seems to be " delisting"
Why should it be so difficult to get information on this compay. Aren't there enough Chinese Americans on this board who travel once in a while back to China? I would assume that both businesses are valid (DGW and DYP) but Mr. Guo wants total silence so he can hide from his part owners - us.
Well, if this becomes standard practice why would not other Chinese companies whose stock price is low simply follow this example set by Mr. Guo? Just stop filing financial statements and you will eventually be delisted and keep all the money you raised in the IPO.
I would prefer they do not get delisted which would not allow DGWIY to list anywhere else, since we are still part owners whether it is at 20 cents/share or at $ 20.
The "wrongdoing" that defendants deny simply consists in the fact that they have not filed any more financial statements since the stock started to cave in. I could live with this if the company went bankrupt but not for an existing company with a profitable business.
They will not communicate with any investors in the US since Mr. Guo is an ordinary thief. In a few years he will probably try and list somewhere else since the stock market provides cheap financing for him. I hope this treatment (pennies on the dollar) will make any other investor think twice before he gives this #$%$ any money.
The lawyers only propose settlement so they can collect their share and move on to the next case. DGWIY just stopped providing financial statements so they could eventually get out of the NYSE and now they even want to be delisted from the OTC market. Probably the SEC will do them this favor. If DGW is a legitimate business and successful in China there should be a criminal investigation. Why should we let Mr. Guo off the hook so easily?
Somebody seems to shortsell this stock very hard after every climb up. You might be better off to daytrade this stock. As it drifts lower add and then sell when it hits a peak again. I think the peaks are a direct result of the company buying stock back. Any differing opinion on this?
TRIT is dead money. Until they finish those design/build/operate contracts their stock will suffer (It may even drift towards $ 1). They should have better stayed in the Consulting buisness with some procurement revenues
They just have not figured out yet how to report another major quarterly loss without stock sinking below $1. Their Indian adventure is pobably causing them major losses.
YOU ARE RIGHT, BUT THE RICH WILL NOT SUFFER AS THEIR HEDGE FUND MANAGERS HAVE DIVERSIFIED INTO ANY INTERNATIONAL MARKET THAT IS IMPORTANT.
The dollar will fall because the US government needs to keep interest rates on T bills low so they can pay for all the debt. To keep them low they are printing worthless paper money and then buying their own bonds. The home buyers do not complain because mortgage rates are low, but some day this house of cards will collapse as others have before. In this case gold will shine again.
I am buying only the producers of gold as they ahve been beaten down and the more cost efficient ones will do best.
should be ok as long as the stamp shows the date