With all the talk about the Chinese IPO's and especially Alibaba, I cannot remember a time when there was more talk about China, especially Chinese e-commerce. The momentum is building toward the Alibaba IPO, but eFuture is not gaining anything from this momentum at this time. It is still relatively undiscovered and does little in the way of PR here to improve that situation. The numbers related to MyStore tells us the growth is good but we have no actual idea how the company will derive revenue and how much per user. No metics yet because it is early makes this stock vulnerable and contributes to what we witnessed yesterday and continues today. Those already in the stock may be adding some but without major news and a big improvement in earnings it is not attracting new buyers.
I agree but I think the company has made pretty good progress or if 7months ago when it launched I think everybody would be thrilled to have almost 1million sign ups during the first 7 months and lot blue chip companies sign up with them. I guess my point growth on mystore is unbelieavable .