the ex-board member left because they were embarrassed by the...

the ex-board member left because they were embarrassed by the drop in share price. In reality, they were just puppet and they no longer want to be sniped by shareholders for the falling share price.

now think about it, if they were lending money to relatives or engage in fraud. Why would they want to get publicly listed in the first place? what?? so they can have their book examine and audited? no thanks...

as for Huanlong Industrial. Yes, the place does exist. beside, it is only a very small portion of their cash. no big deal

the number looks true and it is probably true, however management is very bad at shareholder relation. Hence creating perception of fraud

i thanks them for the opportunity to load up this stock at very cheap prices.