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iBuy under pressure, board orders US$216K monthly opex cut - See more at: http://www.digitalnewsasia, page-55

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2,946 Posts.

33

05/12/14

20:24

Post #: 14417921
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Originally posted by West Coast ↑

I agree strauss, All this heartache was avoidable by simple means. If a little bit of effort was put into controlling costs maybe SP would be low 20s at least in a safer zone. What we can see is zero effort was put in and now they are playing catchup doing the bleeding obvious. How are they only starting the last couple of months to consolidate the companies?

We are commenting from hindsight as the revenue maybe was expected to be higher but no one should assume unrealistic revenue growth in the first place. Im happy with a solid $100 million dollar nieche company that controlls costs.

Heard a rumor from another HC poster half the time its the top 20 shareholders who are the ones that short and play with the SP hitting stops etc. Not saying it applies to E88 but the constant selling from even before the CEO left makes me think.

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Im sure there has been effort all along. A CEO leaving must have disrupted the group somewhat..
I guess we should be thankful that we raised at 45, and that they didnt leave it until now!
Hang tight guys and girls

E88 Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
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