This company will trade again. The Chinese owners have been very...

This company will trade again.

The Chinese owners have been very good boys lately, if they seriously want the company delisted. They would not have complied with the audit and various demand by the ASX in the past few months.

Why the sudden change of heart by the Chinese owner?? That’s because they are no longer majority holder. They only hold 20% of the shares. Also, the Chinese regulator is watching this company very carefully. Any sign of fraud, and these Chinese directors goes to jail.

Technically, shareholders could now vote to liquidate the company and return cash to holders, Jiameng Zhang hold only 20% of shares, so can’t do nothing about it. That’s why he’s now a very good boy, yielding to every ASX demand.

The cash is there, verified by GT recent audit. Things are looking much better than 6 months ago.