Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Good pipeline of business
Healthy bank balance
No debt
On track to be profitable by end of 2019
Very low free float as majority of shares owned by directors
10 Mil correction took 80 mil off market cap.
That should be a good enough list for now. :).
"The Board are confident that the Group will achieve profitability for the year ending 31 December 2019 albeit at a lower margin than previous expectations".
Temporary setback for them work through. Not warrenting the massive drop that happened, even more so for a company with cash reserves and no debt.
As someone who bought in today and expects to make a hefty sum of cash from possibly the most overdone crash I’ve seen, I’m fairly happy.
Feel for existing holders, but would be amazed at any “further drops”