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2.6¢ ecargo holdings limited

Ecargo Not What It Seems, page-2

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grandcaruso

2,317 Posts.

29/01/15

18:30

Post #: 14661878
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Originally posted by Sinosong ↑

The IPO was done do that the Lau family could secure their shipping and logistics interests in Australia and NZ.

Any serious tech biz in this space would be a global brand. Take Cargowise for example.

Today the Chinese government announced that "E-commerce" will be allowed on the mainland from foreign entities this will make whatever Ecargo can do or offer redundant from a technology point of view.

Please see the article https://www.internetretailer.com/20...door-foreign-companies-operate-online-portals

The shipping and operational revenue is flowing to Cargo Services Far East the company owned by the Laus.

In other words allot people spent allot of money to use the back door when the front was open for free.

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Thanks. I have looked at this one and instinctively thought something was not right. Quarterly just out, minimal revenue for a company with M/C of $175M. I wonder how long that $31M cash is going to last.

ECG Price at posting: 31.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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