They must be the only buyers. Another shocking quarterly. $9 million loss. A BS excuse why the revenue was down on last quarter. Basically I will translate 'We failed a large part of our business and are giving up on it having lost 20million(rough guess) attempting to succeed'. So they suck at business besides getting money from investors.
I said years ago start small make a small profit then grow 5% a year. Have a real business that people like not the biggest in South East Asia the best small business. Cowboys run Ensogo it will never succeed. I get it the biggest business gets the best deal from suppliers, apparently!!! Well it will never be Amazon there is no chance now and there never was a chance IBY could turn into an Amazon or similar.
I encourage the old IBY holders to sell to FIL while they can.
Note: I no longer hold. Revenue would have had to increase with reduced loss this quarter for me to continue in this disaster of a company.
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