let us analyse this. shall we First up, how much did they raise...

let us analyse this. shall we

First up, how much did they raise in the IPO, 6 mil. that’s not much, its only worth about 1/10 of the company value.

secondly, when the company pay their first dividend the owner opt not to take cash. Rather they took more shares in lieu of cash. that’t not a sign of cash grabbing.

thirdly, if their intention was to scam ozzie investors. why bother mentioning ASX listing on their Chinese website? this website is intend for their chinese customers.

fourth, why bother issues share to distributors at 20 cents per share, they issue 35 mil shares to distributors, are they planning to scam their distributors as well? highly unlikely, for without distributors the company is as good as dead. they’d be cutting their own throat if they scam their distributors.

last, even if the company is delisted. the australian shareholders still are part owner of the company. xin jinping , president of china in a recent speech say he want more foreigner to invest in china.. the law will likely change in due course to protect foreigner right in order to attract investors into china..