I agree with your assessment and would add their using LGDI company funds like their own personal piggy bank hasn't helped matters either. I.E. private jet plane and large salaries to management. So, it just hasn't been the beneification plant scheme that's really hurt the money situation.
I think it's pretty obvious Mr.Gutnick and Co. have very big crediability issues and that's most likely why no one has stepped in to help. In hindsight Wengfu's denial to step in and partner with LGDI should have been a big, red flag to us that they saw something rotten in Denmark with this company. Now it's been another year with no resolution in sight.
My point is even with Attara liquidating their remaining shares, the greater issue is will there be a rescuer/sucker WILLING to trust this outfit with the past history they have? That's the $64,000 question.