This is really good ,,, first of all the bank is willing to give them 27milluon aud roughly and the best thing is that they didn't come to the market to try and dilute the a
Shares more and do a capital raising .. and it shuts up the whole argument of how they were going to find themselves into profit over next few years . I'm a long term holder and never wanted to sell just because I was down 100 percent .. I have faith that will do many users already on board it's just a matter of tapping into their interests . Such and emerging market and still so many people in china only getting used to smartphones ect . People in Australia far more advanced with apps and home delivery and online shopping then chinas vast majority .. .. I still believe this is a huge untapped resource and wuxian will be sitting there waiting to catch the revenues spilling out over the edges of ten cent and alibaba. Just my opinion but I'm really happy the are funded now and that a bank is willing to back them ... so there still hope . So many quarters of no decent news and lack of substantial growth had started to get me questioning where the company would be in 2 years but now I think China is going a lot better then it was 3 years ago. ✌️
NNW Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held