$45 million cash= time. Any of the old posters on E88 know Im...

$45 million cash= time. Any of the old posters on E88 know Im very critical of management, I believe this is someones dream rather than a carefully thought out business. No one is highlighting any positives. Sometimes dreams turn into realities and the fact of the matter is E88 is positioned well if you believe there is a market for flash sales in asia.

From personal knowledge of the Philippine market. At the moment most prefer to shop in person. They are not big on internet buying. They all have access to smart phones however and have access to the interent. I think the same case may be for most of developing asia. Phil has population of over 100mil so if only 1% are online buyers their is still a healthy market that will gradually grow. Cash burn needs to stop, this means raising prices on goods sold to cover costs but they are going after revenue first.