except the the chinese directors have sold the subsidiary which hold the money and assets for pittance, leaving just a holding shell with no assets.
However, fear not...all is not loss.
These directors was running an Australian company, and under australian law. They have duty of care to shareholders, not to sell assets at give away price.. if we can get the chinese law to recognise the directors fudicial responsibility, then we should be able to claw back the assets..
this is clearly a well planned fraud from the start.
PEZ Price at posting:
1.7¢ Sentiment: None Disclosure: Held
