Shandong was listed as an institutional shareholder by Morningstar last year. Now they are not. Shandong is also not listed as an insider on SEDI (Xinxing is listed). Hmmm.
Would AXI management hold back material information? This is the same company that proclaimed they were fully funded to production. That wasn't a material misrepresentation? Remember that when you start considering the inevitable shareholder lawsuit.