Thanks for the article kaxper, I'm not sure this is a good sign....

Thanks for the article kaxper, I'm not sure this is a good sign.

Anyway, the directors of E88 have killed the liquidity in this stock.

South East Asia is not China, it is a mixture of different politics and economies, and so the region can not be moved forward so easily by one central controlling body.

My sense is that the growing middle classes in SEA have stalled, and that like everyone else, they are reigning in their spending, hence the demise there of Groupon and Rakuten.

The unfortunate thing for E88 though, is unlike Rakuten, they don't have anywhere they can retreat to, they just have to hang out there, and hang on.

The next financial report will be interesting.
Is Thailand still making a profit?
What are the losses in the other areas compared to last time?
How much is the cash burn now?
Was the marketing spend used wisely, and did it achieve any good results?
Lots of questions !

In this environment, even a neutral report would be good, but a poor report is going to be dealt with harshly by the market.

Gw