I am still a L/T holder of this company as I believe the story.
All this shows is they did not plan the process to launch of the Jiangsu plant well. Does not matter how you want to sell it. Poor Management. Yes you save money but really this is lost revenue at the other end.
I think the eye was heavily focussed on capital raising and getting L1. Maybe this management cannot handle many balls in the air at once.
Not a good look.
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