Fear, uncertainty, and doubt can make the market a bit spastic. Here is a bit of news;
What is certain is that HCT will sell significant amounts of their product. Coronavirus is a pandemic. Infections are popping up all over and HCT has had great news in light of their recent retractions.
https://www.nytimes.com/2020/02/25/world/asia/coronavirus-news.html
https://thewuhanvirus.com/
China has had to enforce lockdowns, keep the people inside their homes, and send the military out in force to even try and contain this virus. Do you think the infection numbers reported by China are accurate considering the rate of infection worldwide? Do you think the US would do the same thing and keep people under chained house quarantine? What about Europe?
HTC is the exclusive distributor of Path-Away for the ASEAN region (29 Jan 2020 - Orders for Natshield Sanitizer Disinfectant Spikes after Outbreak of Coronavirus). GICC extended HTC's distribution and marketing rights for Path-Away to the UK and Europe recently as well (20 Feb 2020 - Holista Partners GICC to Co-Develop Nasal Sanitising Balm for Global Markets).
Honestly I think this is a good hold for now. The market needs to assess the information before making a knee-jerk response (like yesterday).
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- Ann: Retraction of Statements and Clarification
Ann: Retraction of Statements and Clarification, page-146
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