Feb. 5 at 8:17 PM
$STFS As a China-based company (PRC), STFS has a specific overhang regarding Capital Controls.
In their recent 20-F filing, they admitted they cannot guarantee that they can move cash out of China to pay off debts or support the stock. This makes the stock trade like a "shell" company. If they can't move money, they have to sell new shares on the Nasdaq to pay their US-based legal and listing fees "forced" dilution.