Are we there ....., page-3

One last parcel put through at 1.5c, could very well be the end of it. We’ve been trading from near 3c into this position since we peaked on Feb-2. 4 and a half months of relentless selling and throw in a capital raise there. Effectively wiping out $1.3m of wealth of those (at current market price) for those who did partake in it.

I suppose this gives the seller a reasonable write-off pre end of financial year. Trading in from near end June into the first week of July over the last two years has seen a 100% increase in 2022 (1.4c to 2.8c) and 50% increase in 2023 (1.8c to 2.7c). EOFY clearly hitting those who bought the Cannabis bubble in early 2021 hard, having to cut positions for whatever tax or not related reasons…

Fingers crossed we see a similar cyclical trend here and bounce back even harder given the underlying position of ECS being infinitely better than where it was both 12 and 24 months ago.

I have again added today. It reminds me of a point during a previous webinar, I believe one related to the cap raise, about her stating she was buying back when we were below 2c, she’s followed suit and continued to add where possible at or below these levels. If that is not the single biggest indicator of ECS being categorically undervalued/misunderstood by the market, I don’t know what is.

I sound like a broken record, but I have never seen something so undervalued in my time trading.

GLTAH.