Ann: Update: Dispute with China Rail Resource , page-9

there are really only 2 choices for holders:

Option 1: call an EGM and attempt to oust DP. People have tried this before and failed. DP will do anything (even act inappropriately) to save himself though. If in the unlikely even that you are successful, you will then be required to invest even more of your hard earned money into the company to try and get it out of the mess it is in and to try and develop its resources. However, this company has a tarnished name and is regarded by many as a complete joke, so good luck attracting JV partners.

Option 2: get out now. You may have taken an 80% loss, but thats better than a 100% loss. I took a 50% loss on JRV and have already recouped my losses through other stocks. I now question why I ever invested in JRV in the first place. I don't think the assets are really even that good. If you plan to hold on to your shares in the vain hope that you will recoup your money, just remember, at an 80% loss, the share price needs to increase by 500% for you to just break even. Ask yourself if you can see JRV even making a 500% gain and make your decision. It takes guts to walk away from a stock and admit that you made a mistake.