You are underestimate the Chinese ways of doing business and how they lives.
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Beagle,whats your view on Comvita as they operate in a similar space and they note a turn around?
"...Unique business model shows encouraging signs
Comvita has a unique ‘End to End’ business model with around 350 people employed in markets outside of New Zealand to ensure that Comvita is better connected to customers and consumers in market, and is able to adapt at speed to meet local market changes and needs. A particular strength of this model has been evidenced in Mainland China and Asia where Comvita has been able to offset the impact of the challenges in the Daigou market in Australia and New Zealand. This model also enables the business to continue to perform strongly even with travel and tourism being so restricted...."
You have absolutely no clue what you're talking about and do not understand risk management. Instead of refusing to look past your nose due to emotional attachment to ATM created from loss, how about you start actively considering the advice of other people on this forum? There are posters here who are some of the most talented retail investors/traders around with decades of experience.
Imagine if you'd pulled your money from ATM when the writing was on the wall and put it into something with tailwinds e.g. HLG, OCA, HGH, BGP (to name a few).
Heard of cans lol
Many here are just arguing for the sake of argument ...writing was on the wall after AGM talk and it turned out be more bad for ATM then even the most excuses they included in their AGM 's " All OK " talk ....Any layman could conclude after the long list of excuses or pre conditions they added to the requirements for that " All Ok " talk that its pretty bad but they not letting us know as yet
Finally they had to let us know as cant hide the numbers ...they did so till the last minute on the clock ...18th Dec !!!
Now even that forecasts for FY 21 has been blown away in just 2 months ....So much for their 2 day Halt to crunch the numbers correctly
Zero faith in management and its investor apathy :t_down:
Turn around depends on luck more then anything ...lets hope the tide rises soon ...so it may make ATM ship also rise ..:p