GMV (ASX) Alleged MOU's &amp; the &quot;Ready2Go&quot; Factory

Originally posted by razi ↑

Gotta admit it's been quite "nightmarish" holding on to this stock for the past 7 months & waiting for something positive to happen. Despite all the "cheerleading" (especially at this forum) -- that's typically something like "just sit tight till the end of next month 'cause this baby's poised to skyrocket" and "don't worry, we've been checking all the right boxes"-- NOTHING good (of any sustained value/substance) has happened since that dreaded cap raise. In fact, I've already lost so much that it's apparently too "painful" for me to sell what remains (& easier to just keep hoping, dreaming, fantasizing).

Still, one thing has NEVER made sense to me!!! With all those reported MOU's, why hasn't that alleged ready-to-go/state-of-the-art factory in China started cranking out the merchandise that was supposedly ALREADY ordered & is NOT contingent upon CFDA certification & the Chinese market?!?!? This would at least generate some income &/or lend a touch of credibility to all of the lofty expectations that everyone here endlessly spews. Instead, virtually zero output ... a plummeting towards oblivion share price ... and more and more and more of that endless/non-stop (& it's starting to get mighty tedious, folks!) "just wait till the end of Q-this or Q-that or Q-whatever" banter.

So, in short-> If those reported MOU's are truly genuine & all that merchandise has already been ordered, why is all that "great" machinery at our reported factory in China currently idle?!?

Expand

Your pain is truly felt and I think a lot of GMV SH's feel exactly the same way as you, but as you so eloquently put it, that is all we can do is wait until the CFDA comes through. I know that is not what you want to hear in your world of torment, but unfortunately that is all we can do.

I currently am sitting on paper losses of approx $36,000, not sure what your losses are but if this stock falls further which I think it probably will due to end of FY tax positions, I intend to purchase more.
I have a lot of belief in where we are heading with DR Yacov and his team, and patience is virtue at this point in time and I have never seen a better stock so under valued in all my time on the share market which is 18 years.

I have even passed this stock on to my family and friends so don't I look the right royal goose at this point in time. The factory in china by all accounts is up and running ready to commence production but cannot commence until after the CFDA comes through. I'm sorry I cringe every time I right that at the moment and that is no disparity towards you my fellow SH as I endorse everything you have written and I feel all your pain.

Not sure what we can do except sit back and place our trust and belief in DR G and his team.

Good luck my fellow SH.

Cheers Rubes