Ann: March 2020 Trading Update Q1 Results in 147% YoY Growth, page-124

On 23 December 2019 @unorthodox wrote:

"Check back in a year everyone. 23 December 2020.

"Profit" (specifically, net profit) is a word that continues to allude EN1.

I estimate 1.5 cents - 1.8 cents within 3 months, and a continued dilution to around 1 billion shares by the end of the next year. Many 3B Friday evening announcements await the holders in 2020 to pay down the remainder of the "legacy debt" which has been a dead weight on this stock for years.

The difference in revenue and profit is something you learn in your first lesson as a share investor, as well as the real cost of any revenue (which in this case is a large amount of debt), but it appears EN1 continues to happily throw that word around as through revenue = profit. A higher revenue based on higher indebtedness is actually a negative, not a positive.

This company still hasn't worked out how to make a net profit. It is astounding. I think if they don't hurry up they will be eaten by the competition, specifically, Google.

I won't be posting again until 23 December 2020 on this stock, and we'll see how correct I was."


In reply you @reon1 wrote:

Not sure how you get to 1B shares, most of us have estmiated about 750-800m based on current trajectory.

As for profit vs revenue, not many HC posters can be bothered with that tired debate any more.


My assessment:

You and "most of" the others are already wrong in your estimates of 800m of shares issued by 2020, as the current amount is 808 million. Unorthodox's predication of 1 billion shares by December 2020 seems to be holding.

Even Unorthodox was conservative with an estimate of 1.5 - 1.8 cents, as it is sitting at 1.4 cents now.

Your comment about the "debate" of profit v revenue is quite informative: it makes it easier to explain why you have held since 3.4 cents, and have constantly cited increased revenues, whilst holding the stock all the way down to 1.4 cents, that's a 60% loss. Still not willing to revisit the "tired" topic of 'profit v revenue'?

Also, it isn't a "debate" - it is a fact that revenue and profit are independent of each other and are not interchangeable terms.