totally agree....it is old news....solution already applied and communicated to SEC....no reason to panic since this company is delivering results and profitability in the long run
There is a shortage of news on this robust company so it was worth it for the short houses to get the delisting scare out there. It is old news and the remedy is already in.
I own EVK shares since 2008 mostly because they decided to address the retail market in China...which is a huge potential. Since that time, EVK has created the retail business and has successfully managed to increase the number of shops, worked on the brand awareness in China (all the significant on line shops now sell La Go Go items), increased the revenues and delivered the numbers. The erratic evolution of the stock value exists since the beginning...but the volume is now increasing overtime and the volatility decreases as well even if it is still high compared to big market cap actors.
The good point is that now, the overall turnover starts to be significant ( 350 M$ per year) and as a consequence starts to attract investors..only starts...this is just the begining. That explains why the volume is now increasing a lot. Having said that, there are always risks on such type of stock...Last year some friends of mine visited La go go shops in Shenzen and it seems that they have success and they look attractive.
To me, this stock is just starting to increase mainly because the PER starts to reach a more consistent value overtime while the EPS increases as well...
Hope that this stock will continue to climb and reach the level is diserves...to me it should exceed 20$ per share within the next two years.
Good luck to all longs :)
Sentiment: Strong Buy
I dont own at this moment shares of EVK but have been following the company for more than six months and his market performance looks to me a little erratic. I dont know if there are something unusual like if they are hidding something. On December 3rd EVK was requested by the NYSE to explain unusual activity in the market and they simply responded "The Company's general policy is not to comment on market rumors or speculation including unusual market activity".It is an easy way to say "I dont want to say if we are manipulating the share value of the company".