Jul. 25 at 11:32 PM
$CREG Found CREG's subsidiary in Utah - CREG Holdings LLC - for structured financing and asset deposit. Besides CREG being a Nevada registered company that's much easier to sue than a Cayman shell, this subsidiary in US would be an easy asset target if lawsuits are filed against CREG for failing to act in investors interest etc.
Ironically, this subsidiary was formed to open a local bank account to hold up to
$8-9M from financing while current mcap is only 480k.
Sick manipulation + completely incompetent management. Still not buying back any shares? Then I agree there should be imminent lawsuits - against all auditors too if that 160M cash is fake, and it'd end the manipulation and robbery against retail for good.
If
$15-30M damages are recovered from auditors, manipulators (HFs), and other enforceable assets to pay retail plaintiffs that hold 750k shares, payout could be up to 20-40/sh? Maybe that's a much better way to go than waiting for the next pump!