New Acquisition
They are spending 7.1 million yuan (7.6 million hkd) to acquire controlling interest in a small ginseng company. The whole company is worth about $2 million usd and probably makes a few hundred thousand in sales per year. Not really a game changer for Bozza who has -$335 million hkd in equity and the entire value of the stock has a market cap around $1 billion hkd at the $1.41 share price. Still losing $20 million hkd per year. Not really good or bad news for the stock. I would assume it will start trading again soon, so make plans of what to do with it.
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Kash Jungo : You think it will open up at 1.41 or more/less?
73431864OP Kash Jungo: I would assume lower. The problem is all these people who got taken want their money out and will try to sell. Who's going to buy those shares? Not many new buyers will be there, especially if they have access to the Moomoo comment section. It took quite an effort by a group of market makers to create enough liquidity to move 250 million shares for Hou Huang, whoever that is. And it looks like they still have more shares to unload.
Person1 73431864OP: I agree with the comments.. scammer will try again other people to buy again.. they will earn the profit
anniemulls724 : In my opinion, the stock was worthless before the pump & dump scheme and will be worthless after. That’s the point of a pump & dump.
Person1 anniemulls724: Why you talk negative.. what is your position