Not sure however reading the quarterly report makes surprising reading. This is a capital intensive business that is likely to burn through cash. It's a wonder why they need to obtain bank finance. They are paying high borrowing costs yet they have over 100 Million in the bank. One of the finance providers is not even a bank lender. Why on earth would this company need to borrow from a microfinance lender at 1.6%per month? The board and management really need to answer to shareholders. If this was a credible company it could borrow from a tier 1 lender and not from some dodgy microfinance company. Caveat emptor. P.s. I own this stock and will be selling out based on this update.
PEZ Price at posting:
2.2¢ Sentiment: Sell Disclosure: Held
