Ya, their 4Q2008 was a mega disappointment. They made less than $1 million. Of course, they made provisions for $2.1 million in forex losses. But there is no excuse.
This company has no near term catalysts. China is a failure, Malaysia died, Indonesia cause them to lose all their forex. Is their brand name really as strong as they claim? Can anybody verify?
Many disappointments, especially their ability to close M&A. So far the only successful M&A is perhaps the purchasing of few product licenses in China. I doubts those licenses are generating any revenue or helping them to get the direct selling in China!
If you meet the Executive Director, Ban Chin, I think you will be convinced. This man can explain the business model very well. Why not we request a small group meeting with the management. We are interested investors who are willing to go thru the lean times with the Company. Can Nextinsight do us this favour to pass our request to the management? Thanks in advance.
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