that’s why the Chinese directors commit the fraud, because they know small aussie retail holders will not have the financial resource nor strong incentive to chase them up.
Individually, we might not have the financial resource. Collectively, we can make lots of noise and it will be heard by our Australian Parliamentary representatives and pass over to their Chinese counterpart.
If the Australian foreign minister were to mention PEZ, at the governmental meeting with their Chinese counterpart. It is guarantee that we’ll get our money back, plus a conviction for the fraudulent Chinese directors. The Chinese government if they wanted to, can make this happen. However, they need to be push and shame into taking action.
PEZ is a small private company, Chinese government will happily extract a conviction just to keep international opinion on their side. Supporting their trillion dollars belt & roads projects.
PEZ Price at posting:
1.7¢ Sentiment: None Disclosure: Held