(2) "They want to own 20% of the company to control its future direction and to negate any takeover...
* (1) will be neutralised by (2) IMO.
"They believe the share price will rise substantially beyond 2c."
No doubt...considering the tech; considering the coincidences; if Monash pop up with the $6m you can almost guarantee that CSI is sorted.....if the come in at the 2c...well they ain't going to sell for less than 2c...if they want to take a large position in the company...well they won't be selling at all IMO.
The $6m will need to come pre ALDP news to ECT in June...the closer we move to June, SP should start to shift....wait till after news...well they will be chasing a new higher purchase price.....remember that timetable is indicative....things could move faster.
Waiting till after ALDP is not in the equation IMO; Monash are the CSI in their submission IMO....obvously we don't know what's on the submission , but a $6m earlier rather than later after submission should tick a box or two on the ALDP whiteboard..
Hopefully we get the 2c share purchase ....purchase at 100% above the current price would turn heads, even those who haven't had any or knew anything about BCE
The trading tree is beginning to look interesting....time is close IMO.
ESI Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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