I've already said that CFDA approval means next to nothing. You guys think it's a golden ticket to money flying in. The company sells next to no formula. The quarterlies are evidence of this. Why would CFDA approval change that? Just because you have a licence to sell a product into a market doesn't mean you will be able to sell it. All the IF brands that make up the lion's share of formula sales in China will all have/get CFDA approval. WHA still has a whopping market cap of $150m relative to negligible revenue. Therefore the SP has more than baked in a lot of increased revenue. Where is this increased revenue going to come from?
I'm worried for you guys not understanding the basics of fundamentals and valuations..
WHA Price at posting:
89.0¢ Sentiment: None Disclosure: Not Held