No .... we are not in need of a miracle. We simply need some very bad decisions and some very bad luck to stop.
Okay .... our CEO has made some remarkable blunders, and he has not been kind to his shareholders, however he has certainly been trying to turn this ship around. One must remember that EN1 was free sailing in the first three months of the year before Covid hit. That was not an accident nor was it a miracle. Revenue was up and earnings before tax was positive. Rightly or wrongly, the share price has been pummelled by creditors selling shares or by our wonderful lender aggressively selling shares. Covid has not helped our growth/expansion either. Our share price has been decimated. The risk/reward ratio now definitely favours reward. This is not a punt on red or black. This is now an opportunity for those who are willing to appreciate reality.
EN1 Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
