Ann: HY 2019 Financial Results and Strategic Outlook, page-6

I think a big problem with this stock is that it has permanently lost the "speculative" element based on growth. Of course, many other "growth" stocks are just fake. They promised growth and then profit that never eventuates so the share price got pumped and dumped. AU8 has gone through this initial stage of pump and dump. It looks like investors are no long interested in it as the massive growth promise has disappeared. The stores are kind of brick & mortar business with low margin. Shops are struggling now with more purchases made online. Perhaps, investors feel that AuMake won't make a profit with sales at its stores enough to finance the corporate expenses.

Unless there is a positive development soon, the stock probably will head down to 17c in a month. I hope not! However, I have decided to get out of it with a small loss and probably come back into it later at a lower price point.