Has 131 staff and trades in 'battery products'. Had revenues of $18m in 2008 and has an average loss of $100m for the last 5 years. Had a capitalization of $100m.
Gets cash by issuing shares and notes June to "capture suitable investment opportunities when when they are identified"
In 10th November they announce acquisition of Nan Shan resulting in a 80% pop in share price.
Incredibly intuitive of the individuals back in June to invest in a money losing battery products company which is looking for acquisitions. Highly unlikely that they had prior knowledge about China Strategy diversifying into a totally completely different business line by buying a life insurance company.
Mud like transparency.
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