AUK 0.00% 0.7¢ aumake limited.

Possible AU8 takeover by Swisse??, page-3

  1. 1,330 Posts.
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    I exited AU8 at 21c a while ago with a small loss knowing that companies always tried to paint the picture rosier than it looked. I wonder if at 14c, it's now a decent play. Those who entered capital raising at 45c a year ago are now seriously under water. I think AU8 is trying to shore up its base to pay the corporate expense at the top. Their few shops did not earn enough profit to pay staff. There is a consolidation of Daigou businesses. If they are not successfully in this attempt to grow the shop base and the online sale to pay the expenses, this will be the end of it. I guess one can try a little money on this now and if it goes bust, it's a small loss.
 
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