Another Chinese investment gone wrong. Let’s send it to the orphan well, it will go nicely with other Chinese boondoggles like Questfire Energy Corp and Sequoia Resources Corp.

Note that the 67 million owing is money owed to the AER in security in case the company goes tits up. The idea is to collect money from companies that have a ratio of assets to liabilities of less then one. The AER should have stepped in a long time ago before they got this far out of line.

Another Chinese investment gone wrong. Let’s send it to the orphan well, it will go nicely with other Chinese boondoggles like Questfire Energy Corp and Sequoia Resources Corp.