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For me the whole YONG exercise was a complete waste of time.

I understand how you could feel that way, it's certainly not unreasonable. But for many of us that were confident the shares were undervalued and bought aggressively around the $3 range despite being under water on our earlier purchases, YONG has been a very profitable investment.

the risk that many said would never happen seems to be rearing it's ugly head which in it's ultimate worse case scenario could sens YONG and it's ilk to zero

Even if YONG wasn't heading toward going private, and if any chinese stocks do get delisted (still a big if), I would argue it would still be unlikely that shareholders wind up losing all or most of their investment in legitimate US listed chinese companies.
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