10-04-2013, 11:44 AM
This came public two years ago amidst fraud at other Chinese companies. Couple that with a terrible placement of IPO shares by Piper Jaffray (broke deal price on day 1) and the company fell into the abyss where no one wanted to touch it or do the work. Markets are fairly efficient most of the time, but inefficient enough to create plenty of opportunities like NQ, IOC and others.

