As I have mentioned before - in various interviews during March to August last year LF, at times, mentioned his strategy of taking PHK / PET out of China (where he reportedly considered the company was achieving little more than giving away product) before returning to China 'in a big way' . In those interviews LF seemed pleased with & proud of this 'play' . I again express the hope that LF has not been outplayed.
Please note the above expressions in italics are mine and are not words used by our Chairman, LF.
Cap raise at 50c, page-14
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