I don't know what to make of the news. There are a lot of questions unanswered. Did Tong resign because he wasn't able to bring about a US deal with a major US company? Did he resign because he thinks there will be financial shenanigans with the new alliance and he doesn't want to ruin his reputation?
The dividend was paid to every shareholder because I received it for a few quarters. US Dollar proceeds came from stock and warrant sales. Warrants expire in 2015. Look for the stock to move higher when they expire. Try reading that in a 10K.
The alliance sounds great if it can generate cashflow, but what needs to occur is for sales of GMOL or JCM outside of China in currency other than the yuan. Then the money can be used to repurchase shares of TPI stock on the open market.