Nea’s last CRs about 6 months ago is to do with accelerating their growth but I haven’t seen much efforts that they made for accelerating their growth (other than the routine half year results). I guess this is why NEA is punished and shorters are sticking to it. Management sucks!!! They really need to bring up the new milestone (e.g expand to European regions) to turn around their SP and re-build their shareholders’ confidence including the burnt institutions who joined their last CRs (haha, what a smart move to burn instos. It is a joke). Nasdaq really picks up in the past week or two. NEA SP however is still smelly and we cannot blame Nasdaq now. What excuses that we are gonna have next? Perhaps the bloody management’s excuse is the earth will be destroyed in year 5021 (3000 years later), so the SP is affected and that’s why the SP is under pressure atm...
NEA Price at posting:
$2.18 Sentiment: None Disclosure: Held
