Magic, my guess is that the conversion of the preferreds has not yet occurred. The stock price may reflect that the possability of that happening has increased. I say that as we saw some posts that the preferreds and short term debt has been added only to the insider report. Could this mean that they are preparing or just following exchange rules first before a conversion occurs?

The preferreds and long term debt being allowed to convert, we knew from the quarterly reports that were issued. The terms were clearly layed out. Is a press release required, should Jilin convert those obligations? I don't know. They may convert those without issuing any press release?

In the meantime, an investor can now buy into the Liberty story at a price that is less than what Jilin is obligated to convert those obligations into. However those obligations (if converted) would be worth hundreds of millions more shares being issued, causing a massive dillution. But that should have been consider since Jilin first got involved with this company.

The real answer may not be know until the new management issues its next news release, which I suggested before to watch for.

Just an opinion,

We seek safe harbour.

Best