The shares that Director Gang Xu acquired from the other five oversea individuals/entities is from an Off Market Share Transfer. They did this because the five individuals/entities wanted to sell their shares after the company became registered on the ASX but doing so would cause a huge fluctuation to the share price as well as panic among other investors since they JUST became public, so the best way of selling that many shares without causing damage is by contacting management and find out if they know someone who would be interested in buying their shares, which happened to be Director Gang Xu. There's nothing wrong in doing that, if anything it was a smart move and the same five people/entities still hold a lot of shares since they didn't sell all the shares they own. But now they're probably kicking themselves since they sold when the share price was around .18cents.
The couple that started Aumake have been selling products to China since 2010, not 2 years. You also claim that acquiring manufacturers and increasing store roll outs will reduce overall net profit when in reality they're implementing vertical and horizontal integration which is a well-known method to increase overall net profit. They will be making a gross margin of over 50% on every product they sell and having more store roll outs will bring more exposure to their stores that are targeted for tourist and daigous. Futhermore, if management is able to make Aumake even more successful and increase their net profits by millions of dollars then they deserve their performance shares; in fact, this would motivate management to make sure they do their best to succeed.
Aumake management is doing an outstanding job and I can't wait to see the share price go to $2 next year!
GLTAH
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