Moxian has developed a proprietary online-to-offline ecommerce platform designed to enable small- and medium-sized business with local stores to reach customers via the Internet. In late 2016, the Company launched its Moxian+ platform in four major metropolitan areas in China and deployed sales teams to sign up interested merchants.
We continue to view MOXC as a Speculative Buy and suitable for risk tolerant investors with long-term investment horizons. The shares continue to trade in small volumes and at relatively wide bid/ask spreads, which could lead to immediate loss of capital value and difficulty in selling positions.
Additional information is available in our most recent report dated June 19, 2017, including revised estimated financial performance for the balance of fiscal year 2017 and discussion of recent fundamental developments.
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