Concerned.This company is an absolute disgrace.Communication to...

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1022

05/10/19

19:40

Post #: 40742360
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Originally posted by happyclown ↑

Yes, those were all good events.
But history of the share price in the past also showed that these kind of deals mostly had no positive impact on the share price at all.
There were many Trading Halts and news but only once or twice were the stock went up after that.

I am getting impatient with this trading halt. Hope it doesnt go for several months or a half year.
Everything is possible. From one day to March 2020.

With every day of the Halt the chances getting likely that the price drops significantly than going up.
A lot of small private Share holders will get cold feet with this company. They already do because the length of the halt it is very uncommon
plus the reason of the halt is not a new business event. The reason is the half year report.
And nobody is communicating what is wrong with the half year report.

We speculate that it is because of the blockchain subject in the report and that there is no experience how to handle the numbers and calculations in the report. Personally i dont think that this is the reason. Because then we would have been informed to be calmed down..
This looks more like a serious reason and i dont like it.

I trust in Yat Siu and the rest of the Management. They have a high reputation and they seem very dedicated to their jobs and their Visions.
But still i am very curious: What is wrong with the report?
And the second reason is: I dont like the way how the management handles this situation with their shareholders. Absolutely no information to the outside. And that is the reason why i think this is a serious reason to be very concerned of.

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Concerned.This company is an absolute disgrace.Communication to holders is pathetic.When suspension ceases whenever that will be I see a re rate well well below 10c.Stop losses will be hit and hit hard.

AB1 Price at posting: 18.0¢ Sentiment: Sell Disclosure: Held
2 Upvote

1 Great analysis

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