Have to admit that I can't resist keeping an eye on this after my last post as I'm quite interested in the further development of this interesting company.
I just want to put some more thoughts here for you to reference:
- If you haven't already, it's probably wise to start questioning about the authenticity of this company, you can start with simply questions like "Does this company really exist?" and try your best to find an answer, as I suggested to someone else, you can even buy a return ticket to GuangZhou and see for yourself, it will cost you 500-1000 but I'm sure most of the holders already lost multiple of that number. Everyday you sit there dreaming and speculating you are losing money and chance to change your strategy - don't be a sitting duck, it's your hard earned money
- The deferral of AGM is a open declaration of the poor situation of the company, no listed company can just defer it for 4 months just like that, it's yet another joke of the company
- Since the price has declined quite a bit with no real support (why would there be any, even opportunists wouldn't touch stock like this), it's probably wise to lodge an ASIC misconduct investigation against this company. I know how angry the holders are at the moment, I've been there and this is the worst investment decision I made in my life, and I know why no one has lodged an investigation yet because surely it will set the price down further, but the fact is, if you don't do it now, it will just go lower and lower like a death spiral, the lower it gets, the more scared people will dump, which will cause it to go even lower, and repeat
- If no one wants to lodge the investigation, then probably it's wise to solve your problem before anyone else does, I find it interesting that there're still people who're willing to buy even at the current price, the opportunists who bought @0.16, 0.14, 0.12, 0.10. 0.90 have been proven wrong, so while there're still pockets of buying volume, think about what you wanna do to
- Another thing to consider is as it's getting close to the EOFY, people who made a bit of money elsewhere and lost hope on this one may just sold it and offset the gain, so yeah, no need to say more I guess
Good luck to all holders
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