Once again it is a repeat of information we already know. Management has now made three major announcements, and told us the same thing for the third time; we are bored, as they must be!! Where are the revenue, profit/loss, and cash flow figures for the latest quarter, March 2016? Where is the strategic plan with realistic goals?
What-ever happened to the itemized list of "Key Merchants" and "Tier One Merchants" that was part of their growth projections in the prospectus? These seem to have been conveniently taken out of view.
I am sick of the generalized statics regarding the enormity of the over-all E-Commerce market. The size of the potential Chinese and World market is all very well, but as an eCargo shareholder I want information as to what OUR OWN company is doing.
The eCargo management either doesn't want shareholders to know what is happening, or is too embarrassed to tell us. The Lau's need to tell their shareholders what is going on, and lift their personal performance if current shareholders are to retain any confidence in them.
ECG Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
