Stay away from the pitfalls laid by "experts", not just on the New OTC Market!

2020-03-31 17:04Category: lower blood pressure Read：

Old joke: The fox set up a sign on the edge of the cliff, which read: If you don't jump bravely, how will you know that you are not an eagle? So, in the following days, the fox could happily eat the chicken that fell to death at the bottom of the cliff every day.

After Zhongjihao, Bama Tea, and Meishan Dark Tea successively terminated their listing on the New Third Board in 2018, and Xie Yuda stopped counseling listing, Colorful Yunnan also recently issued an announcement to apply for delisting. The useless New OTC Market for tea companies obviously did not bring the above-mentioned tea companies into the fast lane of capital operation as expected, but instead dragged them into various blind "coin throwing" pits. Escape from the New Third Board may not be a wise choice.

Public information shows that as of 2018, there are 24 tea companies listed on the New OTC Market, but their revenue is generally at a low level. Colorful Yunnan, which recently applied for delisting, has seen its performance continue to decline since its listing, and its net profit growth in the first half of 2018 reached -55.88%.

"Ringing the bell" to be listed on the seemingly glamorous New Third Board was once the dream of many tea bosses, but they often lacked awareness of the disadvantages brought by listing. After being listed, tea companies not only failed to reap any benefits from the capital market, but also spent a large amount of intermediary fees, compliance improvement fees, orientation fees, etc. The company's operations became transparent, subject to supervision and constraints everywhere... This is tantamount to a disaster for traditional tea companies with low financial resources, shortage of management talents, and incompetent management.

Since there are so many "pitfalls" in listing, are the always shrewd tea bosses losing their minds? You really can't blame them. According to industry insiders, at least five of the ten tea companies are working as consulting companies. Under the encouragement of "experts", they are eager to "ring the bell" as soon as their minds are hot. Encouraging tea bosses to "reach the top" is how much money consulting companies make: intermediary fees cost at lea

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