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It's Chinese owned, but incorporated in the Caymen Islands. Chinese law prohibits foreign ownership. Investors will own a Chinese company in the Caymen Island
by marincounty 12y ago
It's Chinese owned, but incorporated in the Caymen Islands.
Chinese law prohibits foreign ownership. Investors will own
a Chinese company in the Caymen Islands; This all might be
illegial under Chinese Law? The BOD's consisted of Jack and
eight other insiders. The site is loaded with counterfit products, and they spam like it was 1999.
In other words, it's a lot like U.S. corporations.(at least
with money somehow ending up in the Caymen Islands!) P.S. on the upside, if they can keep shipping low, weed out the blatent counterfiters--Jeff's company has some competition,
for awhile? Personally, I've been tempted to buy, but lose
my nerve.
This company will not be listed with S & P 500, while U.S.
investors are allowed to invest in it? It's confusing--I'm
still wondering why NQ mobile is still on the exchanges?
On another note, I'll be glad when interest rates go up; so
my measly CD will start making a little interest. No, I
don't invest. I
just keep my rainy day fund in a CD. I
just can't take the risk of loosing money that hard earned
money. I'm not proud of my lack of investing over the years.