Last I heard Naikun had only $14 million dollars left, it appears they had to get rid of 25% of the money sponges to hold that weak position, my estimates.....Naikun is basically BROKE!
Vaughn Palmer has the story, although he only grazes over the financially depleted Naikun company...
Is it me...or a company needing $2 billion dollars worth of "gullible investors" and they have but pennies? Well, if it walks like a duck.......You know how it goes!(read Palmer`s piece here)http://www.vancouversun.com/technology/Ontario+takes+green+energy+lead+while+keeps+blowing+smoke/2485427/story.html
And for those who need a little background on Naikun read this-- http://powellriverpersuader.blogspot.com/2009/12/haida-nation-meets-snake-oil-salesman.html
More on this story....I`m looking friends, Stay tuned!
The Straight Goods
Cheers-Eyes Wide Open