Is this the cheapest stock on the ASX?
Price to Book is almost valued like the punters believe this is a fraudulent company (Google screener showing 0.09 P/B today) with $175,000,000 on balance sheet (Yahoo Finance)
If this thing can find a catalyst such as a dividend or corporate action by holder SNC a lot of wealth could be created very quickly... Perceived negatives are China based operations, capital controls, liquidity, tightly held...
Assuming everything is legal:
Downside - May continue trading around the same levels even if it keeps reporting profits and increasing assets
Upside - Unlimited
Cheapest on ASX? 0.09 P/B
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