I’m sure there are a lot of people on this thread that have wives and children ( I’m obviously male) Your wives generally buy Infant milk formula for the kids. If that’s the case, chinese mother’s only buy products that are successful in Australia and New Zealand, more so in Australia.
So, if your wife or partner goes to a chemist warehouse and doesn’t see the product on the shelf, the Chinese will NOT buy it. You were all duped on the capital raise, Directors were not buying, Sales were dreadful and you now say, it should bounce back. I’m even more convinced this is a dead duck. Jump off the train and put the money into a stock that will deliver, IMO.
You may ask, how do I know this? I know a great deal about this industry and you have been given a whole bunch of marketing crap that stinks. They are in my opinion valued at $0.35 per share. When I said at $2.64 that this was the most overpriced stock on the ASX, some thought I was downramping, but I was helping a guy with his first buy on the market and said sell ASAP.
We are all here for a reason and I’m not here to downramp a company for fun, I’ve been taught several times over the years when I was young, dumb and following others on the hipe.
Why am I wasting my time? I don’t know. Either way, keep this for the records when it’s $0.35 and I’ll come back.
Ps, I’ll come back and buy it then as it will be fair valued.
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