12-11-2021, 01:08 PM
It was a beautiful story which Best World sold to its investors, that somehow although MLM is illegal in China they can produce something that walks like a duck, quacks like a duck and yet somehow is not a duck.
Investors were willing to buy into this public admission of engaging in illegal commercial activity on the pretext that once the government legalizes everything will be well. These people have only themselves to blame for losing their pants.
The last traded price before suspension is $1.36. Without the China growth story this company probably isn't worth anywhere close, so any offer is likely to come at a steep discount to that.
Investors were willing to buy into this public admission of engaging in illegal commercial activity on the pretext that once the government legalizes everything will be well. These people have only themselves to blame for losing their pants.
The last traded price before suspension is $1.36. Without the China growth story this company probably isn't worth anywhere close, so any offer is likely to come at a steep discount to that.