If a company is relying on Chinese funding for its survival, the chances are it will be long painful journey until the company is sold for packet of chips. The management will do a deal to get rid of their commitments and move on to next one.
There is no no benefit for Chinese to give money now when they know you are struggling and their is no competitive bid.
This is my experience from several ASX listed companies who relied on Chinese funding and eventually busted. Good luck guys
Ann: June 2016 Full Year Conference Call Presentation-PDN.AX, page-39
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$13.17 |
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Mkt cap ! $3.937B | |||
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