Kemiao Garment Hldg Group (KMGH)

[Kinny]

I believe...

They went public to raise money, which they did.
I believe they probably didn't understand what's behind a rising stock price (perhaps they still don't) It seemed like magic.
Go public, sell products, Imagining their $5 ipo will quickly become $10 then $15 and more. It had happened to many before. "Stupid Americans will pay any price, we'll be rich!" They didn't expect the Market turn against Chinese stocks in general.

But around the time AIVI did it, the Chinese Bull stock market was long in the tooth, momentum was sputtering and the dishonest companies where having the spot light put on them, confidence was slipping fast. AIVI was caught in that undertow coupled with that dud of a stock promoting company.

Had they done it 3 years sooner it would have been a different result. (Of course probably none/few of us would have bought many shares.) Maybe it would made a run after the IPO to $10-$12 then as investors lost interest and let it drift down and be trading at $2 share now with occasional spikes. Maybe like SGOC's up and down pattern.

I think they should gradually restore investor confidence rather than do lay everything on the table all at once.
It would raise the stock price gradually and induce stability. And create anticipation of what's next.

Ya know, it's shame we talk at length about what they should do and yet it makes no difference. They will do what and when they decide to do it; only time will tell how well their choices will be received.

Well...there's my annual rant...I didn't expect to do that when I started. Hope Y'all have a good day