So, one of those ‘negative’ sites says that one proof that DuBli is a scam is the fact that they said that they would get listed on the London Stock Exchange and then didn’t. Wow, really what more proof do you need?
So here’s how I understand it.
In order for Direct Sales companies to go to china, they usually are required to be publicly held. DuBli wanted a presence in China, so they planned to do the minimum 3% on the London AIMS market to satisfy that requirement. They were in the quiet period for a fully underwritten AIMS offering scheduled to be completed third quarter of 2008. Obviously, with the collapse of the market, they have held it up. But, it has been a blessing in disguise since they have since received preliminary approval for China without needing to be public. Since capital was not the purpose of the public offering, there are no plans to do an offering unless it is subsequently required by China.
Why didn’t the ‘scam’ website people go public late last year? They must be up to no good.
