Whatever is wrong with this company, was wrong at least as far back as when Yacov blurted his plan to delist from ASX, and then denied it. The core problem may have existed from the time the NMPA inspector "died" -- an excuse I still don't buy, given a system as massive and impersonal as Communist China. The liquidation of Otsana was something they couldn't hide or sugar-coat. This company's track record should be taught in books as a perfect storm of red flags.
GMV Price at posting:
3.9¢ Sentiment: None Disclosure: Held