why the big discount, page-12

The problem is that instos won't be buying the bulk, the rights issue will do that. All the "sophisticated" investors like you auto will buy shares at $0.08 and dump them at $0.10 or $0.11 and think you are heros when the existing shareholders will get shafted. If Kange and co accepted $0.08 they are the worst management team ever. They have no respect for existing shareholders, when I business is having cash flow problems you reduce expenses not increase them. The problem is that to many if these Beijing firms are willing to raise capital for idiots for a bug fat fee!!