ERG will probably post another loss this Half/Full Year, but after that substantial profits should start to flow. Many of their existing contracts have reached the profibility stage and remember, with the Convertible Notes now gone, $18M per year is being saved in interest payments. That adds alot to the bottom line.
Additional contracts should also be added in the coming months/years. ERG has the best transit smartcard technology and now has a pretty strong balance sheet.
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Open | High | Low | Value | Volume |
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1 | 200000 | 0.007 |
2 | 678714 | 0.006 |
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Price($) | Vol. | No. |
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0.010 | 96335 | 1 |
0.012 | 90000 | 1 |
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