XRG 0.00% 5.1¢ xreality group ltd

Ann: Quarterly Activities Report and Appendix 4C - 31 March 22, page-8

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    presumably the NZ coastal seafoods whose shares have declined gradually. Note that XRG's current mkt cap is less than the current annual revenue rate, in a growing company which is profitable if you exclude the military/law enforcement VR system development. If the market is 'rational' (ahem, let me clear my throat), the current share price is saying that the VR system development is an erroneous initiative that demands a price discount. I just don't think there is any information that can support that view. BTW, I'm sure they're coding in new functionality that simulates drone dropped grenades as we speak. I've been accumulating a bit lately despite ending up with way too much of them entering at $0.003 (refer to earlier bit about the so called "rational" mkt).
 
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