ESK 0.00% 20.0¢ etherstack plc

Bought on the % increase, page-214

  1. 5,980 Posts.
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    I think those who bought and got cooked today should put the stock in the draw and wait.

    70% of the stock is held by the directors of the company , and amazingly the top 20 holders own 90%.

    The news appears to be very significant and comes after more than 12 months of discussion

    Samsung make the sales and both companies share revenue

    On that basis once the day traders get out the free float of stock which is actually very small should get soaked up and price should rise.

    The CEO presentation a month or so back refers to another major deal

    I thought the match was going to be closer to $1,25 , so didnt buy on the close , if it is still soft in the morning $1.00 to $1.20 seems a good longer term entry price in my view

    DYOR
 
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