This is the last i will say on the topic but NNW can be profitable if they wish, but they are choosing to expand at the fastest possible rate to 1. Capitalise on the first mover advantage in B2B2C new sector and 2. Acquire as many possible registered users in preparation for the new listing.
You are crazy if you think the NASDAQ give a rats about big profit or even revenue. whatsapp? snapchat? amazon? i dont see any profit there. They love registered users because monetization comes later, NNW has 3% of the whole damn Chinese e-commerce market (which grows 20% a quarter). They will have 50 MILLION users early next year. I dare say the US investors will love this not to mention the CEOs forward thinking into multiple new channels to market (Union Pay). This stock will tighten up over the coming weeks and it will be in the 60s soon.
NNW Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
