Ann: Share Purchase Plan Closes Heavily Oversubscribed, page-32

Is this the first share in the history of the ASX that has retreated back to the SPP issue price?

No, of course not ...it happens almost every time because people see 40 SPP and think this is what the company is worth.. and believe dilution is a dirty word

OMG DILUTION ...someone shoot me...quick...no don’t shoot me, crosshairs on Management of course!!!!

E25 was in the 50s (briefly) a few weeks back and then the SPP came out

everyone either shat themselves or got some in the SPP and sold off instead of holding and it retreated

but people,... please keep this in mind

E25 a few weeks ago was a 36-40c company

today E25 is a 40c company with now over $6 million cash in the bank!!! (in times of virus uncertainty) not even including other holdings like DNK which is worth a few mill

there were lots of buyer hoovering it up in the late 40s and early 50s pre SPP for a reason...I’m sure they haven’t gone

hold the line and enjoy the benefits

long term play

RandR...