legal structure already factored in. I do believe it will hit 68, but that will be the floor. This will be the buy of a lifetime. Read the headlines to see what Alibaba is getting into. It's like buying eBay, Paypal, Netflix, Google, etc.
A similiar crash occurred in the US in the 1990's. eBay actually continued its ascent because people were unloading everything they had to raise cash. Since eBay doesn't hold inventory, they thrived via transaction fees. I think you'll see more of the same with Alibaba. In the meantime, it will continue to drop until investors realize this. But you have to understand, that BABA never participated in the stock run that characterized so many Chinese stocks.
EFUT has stated in a conference call they were planning to do a deal with Alibaba. EFUT has an omnichannel mobile platform which uses all avenues, such as social media, to drive sales to local stores. You'll recall Target used this approach for their Lilly Pulizter sale which sold out in hours. EFUT has more than 2M signed up in their pilot program. Recently, insiders did a private placement with the company to the tune of $3.2M. The company only has 2.95M in the float and they bought 968k shares in the private placement. Wouldn't be surprised if BABA bought them out. Gross profit margins were up 48% YoY.