Lau, Barry Wang Chi 劉宏智

Astonishingly, the 86m shares were allotted on 29-Sep-2021 without having been paid for, and 40m of the shares were deposited into the clearing system with a broker, Well Link Securities Ltd, for the subscriber's account. A week later, the stock crashed 77%, and now the subscriber has defaulted. We note that Keith Kwan Kin Man, the CFO of Well Link, was once a licensed representative of Adamas Asset Management (HK) Ltd, which was then 50% owned by Barry Lau.

"there is compelling evidence that unknown persons have resorted to unlawful means to try to take control of the Company by misrepresenting to the outsiders and the general public that they have been authorised to act on behalf of the Company."

The sole director, Paul Lincoln Heffner was reportedly found dead in his Tesla on 1-Jan-2021, with a bucket of burnt charcoal in the back seat. We note that the firm and its co-founder Barry Lau Wang Chi featured in articles we wrote about the Enigma Network. Mr Lau ceased to be a Responsible Officer of the firm on 30-Nov-2020.

He is a Responsible Officer of Adamas Asset Management (HK) Ltd. The primary underwriter is Gransing Securities Co Ltd.