Jiggy, just speculation... Facts are in the reports (supposedly). Im thinking a small investment house that invests in the E-commerce sector as a specialist. Or a competitor. I would be happy with another short term traders pump to 20cents for now(see below).
Next two quarters are the key, this was never going to be any different, totally predictable report. E88 board could have been sacked if the loss was say $3mill plus. If they market the brand successfully over this coming quarter up to $1million profit could be achievable, but im expecting break even at best.. Dont forget all resources have been concentrated towards survival as a viable business, marketing has taken a back seat.