This could be very misleading... we will have to wait for comments and outlook adjustments.
such a ridiculous statement... one that could only be made from a certified moron.
There are just over 12 million shares outstanding. Company needs to bring these shares over $10 before doing small secondary. The Folks who have held onto this have lost a lot of money,they stuck with it and therefore shouldn't be burnt a second time. The right thing to do is to get these shares over $10. first.... then when it goes over $20, $30, $40 or even $50 do another secondary offering.
The Share Price will DROP like a Rock and damage Shitpole's reputation FOREVER
Going in right direction.... UP!
how can this behavior help them? ...they, themselves (management) could make money selling shares if the price were to rise, right?
It's RMB, not Yen. Unfortunately what you stated seems to be mostly, if not entirely, true. The characters behind this disaster here seem both unethical and immoral, but their crimes have not gone unnoticed... both of them will have to face the final verdict... and this crime, or non-compliance could be the determining factor in sending them to eternal hell.