Ann: Appendix 4E and Financial Statements, page-23

I don't understand the sell off, people upset that Vipshop got shares at 10.8c?

I cant see anything but an extremely bright future for E88 now.
We have Vipshop as a cornerstone investor, and an appointment to our board,
Funding is now irrelevant, and cash burn is extremely low ($1.1m last qtr?)
We have access to vipshop's volume and selection of inventory, immediately
restrictions on Vipshop, and major shareholders selling shares for the remainder of the year

Vipshop's revenues went from US$32m in 2010 to US$3.77b in 2014.
Obviously the chinese market is a lot larger than SEA, but Vipshop see potential in our business, and no doubt want access to our subscriber base, for the measly payment of what, $6m?
Revenues are increasing, seemingly m-o-m.

This is the type of stock that people should be putting in the SMSF's.

Vipshop, a Billion dollar company just took an interest in a SEA base company that happens to be listed on the ASX.

I'd love to hear comments from non holders so that I can perhaps make my views on E88 a little more balanced