Ann: AGM Presentation, page-8

Mate.. i know it does not make sense.. do a search of my HC username against all comments on XPD... and you will see I echo a lot of your commons sense mathematics. I was a shareholder at the IPO and managed to get out at 39c (High was 41 or 42 from memory)! Luckiest break I have ever had on the sharemarket.... Only got out due to lessons learnt from MJP and lac of trust in Chinese IPO's. I have also stated on other non XPD thread that "BASED ON THE NUMBER" it is the cheapest stock on the market by far*

*if what they are stating in their financials is true!