Perhaps one way of looking at it is that people have been saying...

Perhaps one way of looking at it is that people have been saying that this is a great company, cashed up and in a super growth market for a long time. Yet over that same time there has been at least 80% capital erosion. To get back square for those investors that have been in for a while there needs to be, say, a 450% increase in the share price before they break even. Something obviously doesn't feel right to those that keep selling out and pushing the price higher (and if it was selling from a large shareholder, would assume we would have seen an announcement). There are lots of potential culprits why people feel this way:

- stop losses keep getting hit (actually why I got out at just under 10c)
- concern over ability to get cash funds out of China to pay dividends or carry out sharebuy back
- concern over whether there is actually any intention to do the above
- concern over the veracity of information when it is offshore and in a location that some investors may not trust as much as if they could see the product in Rundle St Mall
- concern over related party relationships and cash cyphoning (e.g. perhaps via renting factory space from related party, or relationships with distributors and the refurbishments)
etc.

Lots of reasons why people are wary. Time will tell whether they are right or wrong. For me, I have a few of the concerns above, but was happy to invest and take a risk. My stop loss was a key part of that investment proposition and it protected me nicely.

Good luck to those that do hold.

DYOR