I think the market was spooked because the revenue of Direct to Consumers is lower as at 31Dec 2020 than as at 31Dec 2019.Was it due to Covid that the consumers did not spend much?
The revenue was replaced by CR to generate Cash for the company. Hence, it caused dillution to the sp.Yes, they chose good products to sell for the millenials and Gen Z. What was the issue? No job, no spare cash.I really dont know if there was no pandemic if the situation is the same.If the talking heads do not become successful in generating revenue, What would you think? I have been a long suffering shareholder.
All in my own opinion.Best wishes. May Quarter 2, 2021 be the start of building up the share price?
Ann: Half Yearly Report and Accounts, page-24
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Mkt cap ! $15.90M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
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| 1.4¢ | 2251595 | 6 |
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