Top 20 shows who owns how much, and how does that compare to when the company was listed
I also see a 10 bagger, but I see yet another Chinese company where the owners and insiders act against their own self interest by dumping. They do this because they expect everyone will rip them off, so they rip the others off first. They also do it because they have made commitments which are due the day the escrow expires. Someone else presses sell on those shares they have assigned away
What we want is as many of them to have actually sold, so that we can rebuild with a different register. What we fear is that the owner has so little stock left they gut the company and transfer the contracts to a new entity. In an instance like this I doubt it can all be unwound, factories, brand and so on. But nothing surprises me with the contracts that have been signed by these people that we only discover a year later
I can't even say DYOR because they just don't tell us
XPD Price at posting:
3.5¢ Sentiment: None Disclosure: Held