Fujian is not a top 10 major city impact of coronavirus... government of China only noticed that some entrepreneur or factory need extend the CNY holiday to 1~2 week depend on area condition... Only city restaurant & entertainment shop totally shutdown...
Now, more than 12mil blocking or resisting at 0.160. May required 20mil buy to move up, again another mote than 14mil blocking, also required atlest another 20mil or even 30mil to move up, anticipating persistent blocking. Dumptrucks capable to pull down the value cos of the medium size at buy queues. Thes best way is besides buying move continue, go que at the buy queues various levels at the same time, lucky may catch the bottom upon dumping action virulent.
No ideal how reliable is its cash balance, and of course, the financial statements. Weak authorities encouraged and professional body encouraged scams in accounting records. Anyway, good for trading at own risk since price is still quite low.
Warrant conversion price 0.18 expiry on Jan 2022. About 900m warrant given out. Assuming all sold at 0.015, $13.5m will be cash out. If financial statements is reliable, performance remains reasonable, plus some dividends, really a good fortune. Unfortunately only insiders know best.
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Posted by Kopimilo > 2020-02-07 18:53 | Report Abuse
Factory workers in living quarters already self-quarantined even without virus epidemic all this time, hahaha. No effect.