1) Can we do business in Singapore? Yes, it was confirmed and reinforced today.
2) Can we do business in Hong Kong? Yes, it was confirmed and approved yesterday through an acquisition.
3) Can we do business in the Oceania region? Yes we have secured licenses long ago.
4) Can we do business in the US? Yes we have secured licenses long ago.
5) Can we further expand internationally? Yes why not??
6) Can we do business in China? Uncertain. We may well find middle ground and get regulated according to its policies to absorb Chinese customers within China. The worst case scenario is we compete with Robinhood and the rest of the online brokerage firms and continue our international expansion at exponential speed.
7) Why the sell off? Panic sell. All worst case scenarios like going bankrupted etc is outlandish. We would not have acquired a HK brokerage firm just yesterday and there won’t be such good news coming from Singapore over and over again if we are going to close shop.
Let logic prevail over fear guys.
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