Agree. Just to put some figures on this. The recurring general expense for this quarter is around 1.3m, our gross profit is 0.7m. For the next quarter, the projected general expense is around 1.8m! The gross profit would have to grow by more than 70% to be in the same loss position as to this quarter. Maybe 70% growth is achievable due to the Chinese NY maybe... but doubtful.
Looking longterm, even with the 70% growth in the next quarter then subsequent 35% quarter to quarter thereafter, it will take another year or so just to be in the black. This is considering all expenses remain the same. Anyway, just my two pennies' worth DYOR.
AU8 Price at posting:
45.5¢ Sentiment: Sell Disclosure: Not Held