hey guys, I just called office in China. i was asking for the ans of receivable fund (3.2million AUD mentioned in the last quaterly report). I believe that everyone is more concern about this part.
Chen quan, GM of office in Beijing, answered the question, she said that there is a delay occured in receving the fund. and the marjority of the fund will be expected to be received in 3rd quarter ( 1st quarter in China).
i am dispointed by quaterly report, to be honest. I wish sma could receive 3 million by this quarter. well the reality is not. what shall we do??? go smash vendors? I could not stop the sp falling , as everyone has the right to keep their capital or profit.
but one thing to be reviewed is that the logistic partnership with YanFeng ( Weishi Tong), The first trail is successful and they are gonna take the 2nd trail with YanFeng. this is a big play. if anyone who never heard about yanfeng, i think it is time for you do some research. the true value of sma would be revealed by yourself. and thats the only reason i invest sma in the first place.
GL all holders
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