Okay so I have to say this very carefully here. In no way am I referring to AU8 okay
But the Chinese share market is a casino. And there are those even in Australia who see a listed company as an opportunity to bleed investors sometimes known as shareholders
If a daigou business were to have a good year, maybe makes $5m clear on $50m sales. It picks up some monster whale clients. So do you think they're going to run that through the till or gonna take that to a side channel?
Again, I make no reference to AU8 here. Just explaining why I will never invest in anything I can't run faster than, and that has anything to do with China. It exists to bleed you dry and rob you. It will do this because it expects you will do that to it, so it is getting in there first. This is a decision based on observing pretty well every single Chinese company on the ASX. Who all seem to end up suspended, because "corporate governance" is apparently optional. And use the company bank account like personal bank accounts
AU8 Price at posting:
31.0¢ Sentiment: Sell Disclosure: Not Held
