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spending 22 m to buy a company with 230 millions of investment property, 52 million of deposit, 16 millions of cash. Their liability is 93 million. It is such a value buy.
I think someone is trying to force Yu brothers to get margin calls and sell off all their stake in Rapid and YNHProp. They can't push down the imaspro because someone is supporting the stock price. It may be revenge from some party to force Yu brothers to give up on the stake in HLcap.
I am waiting for the bad news from this company after every drastic drop but nothing happened. The price can stabilize a bit some more (drop 2 - 3 cent) before the next drastic drop. We actually can see the pattern. If a pattern can be seen, that means someone is manipulating the stock price. Manipulate it to lose money, I won't believe it.