Its pretty simple really, the share price is where it is because...

Its pretty simple really, the share price is where it is because the market has zero confidence generally that this company will ever return any money to Australia for its shareholders.

If you read the reports, the Aus auditors and listing fees are paid by the chairman personally and reimbursed in the local currency.

Yes there are the local cheer squad here that say, its all legit, but i'm sorry, its not that hard to pay a supplier from china, the fact that they don't even try to is weird.

Seriously the director had to advance $130k in the half year report:

"During the period MrJiayin Xu(Director)advanced funds($132,880)to the company to meet certain operating and administrative expenses in Australia while the company transferred funds ($296,433) back to Mr Jiayin Xu (Director). The total outstanding at 30 June 2018is $26,000(as at 31 December 2017:189,553)."

Seriously the has 25mil in the bank, but cannot pay its Aus costs directly.

Something smells here, invest with caution.