The company is still valued at over 120m right? That means it could still halve from here and it will still be expensive at 60m market capitalisation.
If you then look at the amount of the company that is owned by instos is less than 10% - that means most of the 2billion shares on issue are bouncing around in the market And then you have the cheap 'Brett' options that are continually getting exercised and then issued again after every 3monthly cap raises....
Not even mentioning how the company thinks a 200k contact is worthy of a trading halt - yet thier cash burn is WELL over 3mill each quarter? That's 13,800,000RMB!!!
NET Price at posting:
5.8¢ Sentiment: Sell Disclosure: Not Held
(20min delay)