iBuy under pressure, board orders US$216K monthly opex cut - See more at: http://www.digitalnewsasia, page-40

I own a small amount and am finding these prices very appealing to average down. However, I read somewhere that during December Ensogo are completing a valuation on the goodwill in their balance sheet. Which is substantial given this industry.

What do you all think of the likelihood of a write down?
Secondly what do you think the impact of this might be?
Is this why the share price is so low already? Is the bad news built in already?

Genuinely interested in all your thoughts. Thanks!