IMO the reason for he drop is the cash flow/burn. Investors are worried about the 30 day wait from when customers redeem goods with points till when the banks reimburse NNW the money.
Once they sort this out the price will jump very quick.
The SP may go a touch lower but really anything under 25c for this is dirt cheap. I bought another parcel at 22c.
All IMO.
Ann: 99 Wuxian delivers significant revenue and profit growth, page-54
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