
Revenue down 12% in first three quarters, and down 18% in the third quarter, so sales trend is bad and deteriorating.   The company loses money, has only $10mn of net assets, yet a market cap of 158mn.   Assuming that market cap is correct, it should make 16mn of profits.   But revenues are only 8mn per quarter, so that would mean 32mn of revenues for a year.   It would need to make a 50% net income margin to get to 16mn of profit.   No education company does this. This stock is massively overvalued unless it can double or triple sales, and that is not what is happening.  
Look like it is going to stay there for a long long time. 
Sian !!!!

WHY? HOW COME.
Care to share  so that investors can learn from it.
 
louis_leecs ( Date: 12-May-2011 22:16) Posted:
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im very disappointed this baby,,,,,,,,,,,,,,,sell 
Trading band $0.105 to $0.12 is indeed very good lor, hahaha
until the next BIG news/BIG things from this counter, look like it is going to be like that for the moment....
BBs always run here run there, on and off, hit and run,,,, perfectly normal...if one got it at 10.5cts earlier, even letting go at 11cts still got half-cent  profits for coffee and wanton mee lah,  OR one can keep it longer for higher return next time BB run here again...no hurry, no worry lah...
 
louis_leecs ( Date: 11-May-2011 23:50) Posted:
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I also made coffee money.  We can share one big cup of coffee, ask for empy plastic cup,  you half , i half.
Must be thrify, then can make from this counter.      hahaha!
AnthonyTan ( Date: 11-May-2011 12:37) Posted:
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Time to go to bt. timah hill lor.
Next trip out, the share px. will shoot up, hahaha
forget it,,,,,,,,,,,,,,,,bb run road liao,,,,,,,,,,,,,,,,,,,push and let go like rowsley,,,,upp,,,,,,,,,,,,,,,run like end of world akan datang,,,,,,,,,,,,,,,,,,,,,,,
niuyear, I am just  trying to make some coffee money
plus a bowl of wanton mee, hahaha
 
Anthony, you are a very good guarding angel in this couter.
AnthonyTan ( Date: 11-May-2011 09:30) Posted:
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Well done, tat's a very good strategy.
louis001 ( Date: 11-May-2011 09:09) Posted:
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Got hope leow. Did u ever see dead fish jump, hahaha
Good luck to those who bought at $0.105.
louis_leecs ( Date: 09-May-2011 09:21) Posted:
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bought .105 and sold already?    :)
AnthonyTan ( Date: 11-May-2011 09:23) Posted:
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Manage to purchase some at $0.105.
AnthonyTan ( Date: 09-May-2011 13:48) Posted:
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take off from 10.5cts yesterday, it look like another round is coming around again ...
resistance 12.5-13cts....good luck to all.....
louis001 ( Date: 09-May-2011 09:54) Posted:
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Not downtrend at the moment. Can't accumulate
below 0.10.
saverman8 ( Date: 10-May-2011 14:24) Posted:
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can wait below 0.10 and accumulate... my frens all waiting too haha :)
Q to buy at $0.105.
Y no seller?
Why u said tat. Appear support to be $0.105.
Many investors waiting to buy below this px.
louis_leecs ( Date: 09-May-2011 09:21) Posted:
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