They’ve got $50 mil, in the bank.
if they just use $20 mil to do a buy back, 200 mil share at 10 cents each.
Cancelling 200 mil shares, could mean Jiameng will almost gain full control of the company again.
its a no brainer..problem is, Jiameng will not do it. That’s why we need to force his hand.
Ann: Preliminary Final Report, page-48
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