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Thu May 1st 15:05 PM | Rating: 0 0
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China Yida: Ultimately on the Rise

I am most happy you are following CYID, however there were two separate 1/10 reverse splits of IAVA (CYID) reducing common shares outstanding to about 1 million. Then the insiders rewarded themselves with 44.5 million new shares at the expense of the minority holders such as myself. This in effect was a forward split for insiders only and substantially reduced the minority interest to almost nothing. Even though this transaction was glossed over by a SEC filing it violates the letter and the spirit of United States security laws and a grievance is on file with the SEC.

I also wish them a bright future but our laws require ALL shareholders to be treated as equals.
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