Tell you what if Insiders started to buy this would pop huge
the numbers and cash flow and debt reduced to hardly petty cash levels not to mention the book value and cash per share values on this stock are MIND BOGGLING 3 bucks per share cash with book value over 4 bucks. plus price to sales and the revenue per share of over 19 dollars per share how in the heck is this trading under a buck????? just plain crazy. with a real PR DEPT and MGTMENT team this should be a 8-10 dollar stock not 80 cents.
Yes that would help. I don't understand the management. During the last run to 1$ they only had to announce some insider buying and this stock would fight with 2$. The missing of insider buying and the missing of a repurchase Program is why i resist of buying more shares. I am 100% convinced that it is a good idea to invest in china seed markets, but i am not sure what the intention of the management is. This stock has 1 Billion of revenue and only 2 Millions loss, that is really not a cash burner !
By the way, i dont't understand the US shareholder. They spent so much money for Agria during the IPO and now, that it comes out that Agria is successful they prefer short selling ?