Number 3: A 30 million dollar purchase order from Hygea Corp is announced with great fanfare. Hygea Corp goes bankrupt shortly afterwards and the purchase order is never heard from again.
Number 2: The ultimate 'the dog ate my homework' excuse. After waiting years for CFDA and then NMPA approval, it was announced that the Chinese Chief Principal Investigator for NMPA passed away unexpectedly and the process had to almost start from scratch again.
And the winner is!!!: GMVD alleges that literally hours before the company was due to IPO for the first time on the NASDAQ at a market cap of around 300 million, a representative from the underwriter tried to use stand-over tactics to extort money from the company and vastly reduce the value of the IPO, leading to the offering being cancelled at the eleventh hour.
Truly surreal stuff - like stepping into a David Lynch movie. I drank the Kool Aid, so only myself to blame.
GMV Price at posting:
3.9¢ Sentiment: Sell Disclosure: Held
