$OCEANUS GROUP LIMITED(579.SI)$  i give this company 50/50 of making good potential returns if company turnaround. Accumulate slowly once the next 2 quarters turn profitable. Look at the big picture. Stop worrying about brokerages for small transactions. If the company make it. The returns will be stupendous.

Disadvantages 

PE is too high. But if you factored in the potential returns, the exponential PE is manageable.

Too many distribution channels for variety of products. Some do not complement each other. Is an added costs 

Substantial exposures in China. With covid 19 zero tolerance. No business can thrive. 

Low cash flow availability. Is a concern if company does not generate enough profit in the next 2 years 

Advantages 

A capable CEO with vision and low salary structure. 

Convert loans to equity. It dilutes dividends  for share holders but substantial savings in interest costs

The top shareholders is a big food chain in Indonesia. 

The company is in hi tech food business. Food supply chain will be disrupted globally. It will be another company like gloves and medical companies. They made substantial profits during covid 19 pandemic. 

The company enjoys good reputation for a bankrupt company turning around. 

Losses are small and negligible. Potential is explosive.

The share price deems to hit the bottom. The sinking sand seems to be solidifying these few days