This is good news as it answers a lot of questions

This is good news as it answers a lot of questions and we are moving forward. Not the best possible outcome for sure but good news none the less. Plus you are more than likely correct in assuming those shares that didn't get returned when they were ordered to be returned are likely the pearlman shares . Remember those shares were issued to that outfit (can't think of the name right now) for apparently financing concerning the old EGOC back in 2012. That particular companies assets were seized and the EGOC shares were part of their assets. I guess they would remain restricted indefinitely since they failed to return those preferred shares as ordered.. good stuff TheSummerMan I and the rest here I am sure appreciate the heads up on that info. This information should settle down some of the selling we have seen and the efforts to lower the pps that we have been observing. I will be looking for the typical press release to come out on this issue and it may provide further information. Thanks again.

So now they move forward with the company plans. I mentioned a while back that if the process were to take too long going through FINRA they would likely drop it and bypass FINRA and go down a different route and that would be to just file a new registration and have audited financials and all of the other goodies that go with a new registration..OR just move forward with the old name and ticker symbol. time will tell but I think they will go with the full tilt boogie new registration as I am sure they want to use the Yicheng name... I mentioned weeks ago that going through a new registration process would probably happen a lot faster than going through FINRA. Thanks again TheSummerMan.. some really great info!

What I post is my opinions and thoughts based on my research. Please do your own DD before buying or selling any stock. I am just as capable as the next guy in making good or bad investment choices! We win a few, we lose a few. That is the nature of the game!