Mrs Lilly Li and her investment group took control
Post# of 75008
Now to address the increase in preferred shares from 400 to 1200 to 1. All that is for is to retain control during expansion. The new controllers aren't going to dump millions into the company just to have some sneaky crook steel it out from under them.
The increase in shares is protection and will never happen.
From my understanding there are several things in the works. One is a merger and several acquisitions. We have already seen advertising at a cost of about $800,000 for a year. There is a new water company planned for New York ans several great money producers in the works. Ignore the bashers. The movement forward has started and the shareholders will gain big time.