the money is real, but the majority shareholder intention to share it with aussie holders is not real. Hence, this 10 cents share is selling for 1 cent.
The good news, China is no longer the wild west, and they crack down hard on fraud and corruption. That is why the CEO is hesitant to commit the fraud.
Don’t just trust the CEO, use chinese and Australian law to force the CEO to behave and do the right thing. Then this 1 cent stock will be a 10 cent stock.
Ann: Change of Director's Interest Notice - Jiayin Xu, page-45
Add to My Watchlist
What is My Watchlist?