Hopeful I am sitting around the same spot as you share wise. I wouod expect a few growing pains and can hole this for a bit as I had planed.
Answer: Companies that don't have anything special to report. A scam is a fraud; this is not a fraud. Throwing names around doesn't make things better. The company is priced where it is because it has not performed well. So, I agree that it sure needs to start working harder on behalf of its shareholders.
This company needs to start acting like a real company with real shareholders. What kinds of companies release their "earnings" reports on a Friday after the market has closed? Scams.
While earnings were not good, I was expecting even worse when I started reading the CEO's commentary to start the report.......so, when I got to the results part of the report, it was actually a bit of a relief. I was expecting a loss again.
So, my take-away is that results were very so-so, but when I first started reading the report, I was thinking "uh-oh, it's going to be an awful decline from a year ago." There was revenue improvement. I doubt it's going to move the stock price needle either way.....JMO. I have a cost average of 1.50 on 5K shares and plan to hold for now.
China stock more like 95% downside potential