agree, the FY17 financial statement is most crucial, and will determine the trading price.
also, 2 crucial game changer..
1) Zhang & co, currently only hold 20% of shares. They’ve lost their majority advantage.
2) 2 new australian directors, and they have plenty of skin in the game. They hold more than 7 million shares.
If the money is there, i’d say more than likely the australian directors will push for dividend payment or shares buyback. Its the only reason why they take on the directorship role, to protect and maximise their investment.
XPD Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held