With shares being offered at $1.25, its pretty clear to me that they will be instantly sold on market to a price below $1.20 so when I warned all and sundry when this price was from memory around $2.40, I was told to bugger off. Well, given the circumstances surrounding the raise, I can’t help but feel that this will go sub $1.00 based on no CFDA approval, small uptake on the product and Sales still very low compared to its peers. If you don’t believe me, ask the Chinese if they would buy it or ask any mum if she would buy the product. If the Chinese did love it and mums were buying it, the share price would be $10.00.
WHA Price at posting:
$1.40 Sentiment: None Disclosure: Not Held