I tend to agree that this may be a very opportune (albeit higher risk) chance to increase exposure prior to the company becoming cash-flow positive.
On the surface it seems the executives in charge of PET finances are not associated with Mr Zhang...
There has also been mention that the initial China contracts for EVS were primarily serviced as an upfront payment with the hope to transition to the preferred subscription model. If this is the case, the revenue will have been very transparent and I have faith that our CFO coming over from Macquarie Group and previously EY would see through any accounting irregularities.
I have been here a long time and am very aware that the next 12 months will be company defining if they are able to execute on the growth targets set out and reaffirmed multiple times.
DYOR.
EVS Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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