ETC entertainment media & telecoms corporation limited

the seller is in control, page-3

  1. 69 Posts.
    de317, I respect the opinions of all bloggers on HC. I beg to differ in that there are always buyers and sellers of shares. Whether the price moves up or down is a function of supply and demand. As I see it, the simple fact is that supply of ETC shares at the moment exceeds demand which explains the price drop. Where the sp heads will be determined over the next fews weeks and in particular the announcement of results on 20 August and accompanying statements. Hopefully the company will also provide a guidance going forward. As I've said before, NPAT is of interest to me but equally cash flow will be critical. May I therefore suggest we don't worry too much about the seller. Let's also put matters into perspective. This share is up 100% from the March lows. I have no doubt that provided the company delivers and confirms its business model via execution of the contracts then this will be a $1 stock before long. There are the doubting Thomas' (understandable) who are seeking proof that what appears to good to be true is indeed the real deal.

 
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