100 shares at 3.9 cents for a grand total of $4
This happen twice within 1 minute of each other.
someone is pushing the price down, in order to accumulate. They succeed, there's a couple of panic sold at 3.6 cents
All fundamentals are positive. Nothing wrong with this stock, except for the overblown Chinese fraud fear factor.
You would have thought that, if Jiameng was to be fraudulent. He would have made all efforts to stop the company from being relisted again and kept it away from the ASX. Now that the company is back trading and in the spot light again, it will be more difficult for Jiameng to carry out any fraudulent activities.
This company desperately needs the SAFE approval announcement to dispel the myth that monies cannot be transfer from China to Australia.
XPD Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
