You may be right, but why did Au Xingao continue to hold shares for so long, knowing there was no BOA or DSO imminent? Why not sell down everything at the 1.1c - 1.3c level, or higher? Think about it - with that sort of knowledge, they could have moved early and preserved their capital. Do you really think the board members have been conned by BC all this time, even up until recently when they took part in the last capital raising? By your estimate, Au Xingao and board members will see their investment more than halve from the 1.1c level soon after trading resumes.
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