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Trade4Profit88

10,452 Posts.

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04/08/19

20:55

Post #: 39852890
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Originally posted by Hunterr: ↑

Some announcements should come out within the next 2 weeks maybe even as soon as this week.
1: July revenue
2: debt facility (and already in use)
And who knows what else TED has for us.

Also guys I don’t know if this is allowed to be done or not,
So would like some feedback from you holders and see what’s your thoughts.
I was thinking once EN1 starts being profitable and making a decent chunk of change,
Can EN1 buy shares with some of the revenue on market?
Just say EN1 makes 25 mill can EN1 put aside 3 mill to buy shares on market?
That will give less shares out there for retail holders because EN1 would be the holder of them. ?
(And clean up the weak hands)

And let’s say they accumulate 3 mill worth for 10c then once the SP is at 20c and they want some extra cash they can sell to an institution for 6 mill and double the money for the company.?

Or even just keep them shares and lessen the dilution.
( although there is not a great deal of shares on the market compared to others I held)

I know they can use that 3 mill to by slots and therefore make money on the 3 mill I get that.

But I thought it could be a good idea to use some money to buy shares.
If it could be done and they do end up buying back some shares once dividends are a possibility then that’s money again for EN1.?

Like to hear what you guys think if it could be done or not. ?

Expand

I would prefer they re-invest the money, why spend $3m to share-buy-back when you can generate 40% return on the $3m?
the share on issued is not a problem, less shares on issue less liquidity.

EN1 Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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