I don't know what to make of it good or bad? My opinion is that Iggy was pushed, heavily persuaded/instructed by Deutsche Bank. Deutsche will get a "cleaner" to fix up this mess. Concentrate on costs, run on smell of an oil rag, Jiangsu will start making monthly profit. Start paying back creditors and in turn building up a wall chest, in turn increasing the share price and ready for the next project of building the battery factory as intended.
Wishful thinking, I Hope.
GXY Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held