AMBO: Buy the stock now.
Buy it now after a big drop, if you can take risk to lose another 50% in 12 month. The stock will be $2.00 in 12 month. Again, a 20% drop does not equal to a 40% profit the same as a 50% drop does not equal to 100% profit.
I do not even look at the reported numbers of AMBO because 1) it is un-audited, and 2) there is no internal central what so ever. The company can basically put on any numbers. A pig is a pig, no matter what lipstick it put on.
Their revenue number is a joke. LOL. Let me tell you how it can report any revenue numbers.
Let's see the tuition for one student is $1000 for 3 month tutoring.
A 1000 students generates a $1 million revenue.
Now the tuition of each student is increased to $2000 and for 3 month tutoring, but the each student is offered $1000 early bird rebate (what ever you can call it). Now 1000 student can generate $2 million revenue. $1 million is accounted as advertising revenue.
Similarly, AMBO can reports $10 million out of the same 1000 students.
Did the resignation of CFO tell you anything? I guess that the auditor resignation will be next.