Ann: HY 2019 Financial Results and Strategic Outlook, page-5

I am disappointed. I should have unloaded when it popped in the morning. Every time, it popped, sellers swooped in. I wonder who sold as the insiders had not been selling. The people who bought into the last cap raising would not sell at a big loss? They bought in at 45c. They are improving the business but the total amount of expenses due to growing the business is too high for the amount of store profit they get. They need to get the online profit and further reduce expenses.

While there is not much more down side to this stock, it will hover around 20c for a long time until there is a clear improvement such as the promised break-even quarter. They will fail to get this target during 2019 cal year if they still think about growing the business further by making more investments. The loss of $2.985m over half year is big. They only have cash reserve to cope with this size of losses for another 18 months???