The answer from the November 14, 2013 Press Release is shown below:
""We are now very close to finalizing the new web-based education platform that I believe will truly give us a leading position in China's educational landscape. The rise of e-commerce and cloud computing in China has created opportunities for China Education Alliance to fill the gap by providing high quality educational materials from teachers and institutions to students regardless of their location. We are currently in the process of fine tuning various aspects of the platform which we aim to launch in the near-term. Once the platform goes live, users will be able to sort through various functions as they create their own unique customized learning platform, something that does not exist in the market today. I am proud of the effort our IT professionals and sales teams are putting into lining up the highest quality educational products available while constructing a truly dynamic communication medium. We have devoted a considerable amount of resources towards developing the technology and infrastructure that is needed to sustain such an ambitious project and are eager to bring it to market." said Mr. Xiqun Yu, Chairman and Chief Executive Officer of China Education Alliance. "
In my opinion it will not be ready until middle of June 2014 to December 2014. The company is still design it from the PR statement. Near term is to Mr. Yu - a full year time frame is my guess. Mr. Yu nor Ms. Li does not say as you well know talk in generality; no exact or explicit remarks about the company's operations are ever given out to anyone - at least in public. They give no hard numbers nor dates ever!
I think you have to be patience on this matter. I treat it as a hostile action between Peter Deutsch's group and ZST management. And since it involves lawyers on both sides; they usually do not do stuff in a fast manner. I think that one side or both could delay the process and run up the billing as best they can. After all; they are lawyers and lawyers act first on their best interest and the client second. Plus, ZST management seems to be playing a game of waiting it out too!
I give it at least till end of March and maybe till August 2014 for this to be completed. A new car would be a nice reward! Lets hope it will be $15 a share or more as the buyout price! I love to get a 2016 Mustang Shelby GT500 with the 10 speed transmission.
Peter Deutsch is pretty wealth and can wait it out to get a fair share price so I not that worry for now! I see him as a Carl Icahn for use shareholders.
No much $$$$$$$$$ for all the years of litigation.
Rambus should of just went on it way and not litigated against Memory Manufacturers - who has the power and influence to beat down Rambus politically. It could be a theme on a soapy prime time drama. JR vs. Barnes. JR being Micron and Barnes being Rambus. LOL!
I should of held on to this stock but sold out at $4 and change after the SF civil suit went against Rambus. All the experts and pundit at the time said that how can Rambus not win when the FTC ruled against Samsung. Well, the answer is that the judge did not let that evidence in the trial along with out evidence. So Hyria and Micron just had to slander Rambus again and the jury ruled against Rambus and Rambus had to pay $22 million in legal fees to the defendants. Then their was the Judges Whyte and Robinson! I think it was 5 years when I sold out my shares. Complete second act like Virginia Judge Payne with Inferion? Got pennies on that one. And then Rambus was hurting for funds and got a super bad deal from Intel with a perpetual license agreement for only $40 million.
Rambus had bad management from CEO Tate and on.....! I don't know anyone who made any money on this stock unless they sold short that is! Bad memories. LOL!