Ever since ZPP was listed, they have been trying to paint the picture that the Agriculture market in China is so huge.
Yes, it is true but it did not prevent ZPP's bottomline dropping, why?
What make you think it can turn around the trend?
Used to be a big fan of ZPP but since the Company bought the land from the CEO(or another interested person, can not remember exactly) for RMB85M(from my memory again), I started to question the management's agenda. So far, the stock price movement has supported my doubt.
About the recent new shares issuement, One question: Why extra S$14 Million while there is RMB143M sitting idlely in the bank as short term deposit?
Nevertheless, it is certainly a stock worth watching closely, so fingers are crossed....
－
－