I have just spoken with the director, Yuzheng. The situation is no better. If anything it's worse. They have no projects, no money, and the director works a day job with little time to dedicate to the company. I asked him why they won't release an announcement to inform shareholders as to what's going on and apparently the company has so little money we can't afford to make an announcement. I don't however blame Yuzheng entirely. The former directors are the ones we should be pointing the finger at. They recklessly spent our money and left us high and dry and got off the hook.
HWK Price at posting:
0.7¢ Sentiment: None Disclosure: Held