AUK 0.00% 0.3¢ aumake limited.

Lethal Contradiction

  1. 57 Posts.
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    believer or non believer, holder or non holder, put aside your sentiment, please check these announcement:

    In IPO prospectus and on 11/10/2017 initial substantial holder announcement , Director Gang Xu holds: 17M 7.15%
    share, PLEASE NOTE: these 17M share acquisition date is 9/10/2017, and including all relevant interest.

    On 12/12/2017, announced Gang Xu substantial interest change, he increased another 19.5M relevant interest with nil consideration. Interesting enough, it happened on 5/10/2017, but reported two months later. The more amazing is that his initial 17M acquired on 9/10/2017 is reported on 11/10/2017 announcement, but 19.5M changed on 5/10/2017 not included and never reported before.

    IS IT A LETHAL CONTRADICTION ?

    Let's compare 12/12/2017 announcement with top 20 dated on 4/10/2017, you will find that there are 7 of top 20 associated with Director Gang Xu.

    So I have more question:
    (1) Why Gang Xu has relevant 19.5M interest in other FIVE OVERSEA individual or entity, but never disclose before ?
    (2) Why other 5 relevant holder initially held 29.5M and Gang Xu holds 2/3 of them NOW ? Whether Gang Xu initially held all 29.5M, but other 10M were off loaded or part as agent fee?

    I seriously suspicious that all these are well designed to off load their share secretly, but upcoming CR expose it.

    Upcoming CR is one stone two birds, one is backing share price with good money, another is acquire manufacturer to
    increase gross margin, and store roll outs to increase revenue, even if it will reduce overall net profit. Don't forget your 32M share cost $20M, but management will get 46M performance share easily.

    At large, how many share and holders are associated with directors but not disclosed ? how much asset backing large
    quantity of initial directors holding? Please note it is a 2 year old company with a couple of associated retailer store,
    these are late comer, average follower in the industry.

    Forget about technical analysis or fundamental analysis, au8 is highly concentrated and highly manipulated share.

    All these made me worry, IPO and upcoming CR is part of their off load plan, this will damage share holder interest
    and damage the industry and community at large.
 
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