Eratat Lifestyle

[valuebuddies]

Frankly speaking, I think it could be the start of chain effect from the China slowdown and soften in mainland property prices. Someone used to tell me about the S-chips failures, most of them are due to cash manipulation by the founders/controlling directors and unable to return the cash to the company when crisis hits. For Eratat, I would not be surprise that the company intentionally avoid the special audit as not to reveal anything in relation to manipulation of cash by someone behind.

Sorry to those who vested, me too had similar experience before (with Jurong Tech, not even an s-chip) but let's take it as a good lesson.