That was well said feenix. I'm in your camp.
I think there is one other consideration.
Let's say this current situation is best described as a complete balls up by Alex Keach - being overly self confident, too dismissive of the majority shareholders, and essentially thinking in two dimensions where the market requires three dimensional thinking.
Two dimensions ... money in, money out, potential sales, potential harvest, potential growth etc
Three dimensions ... as above plus market perception and CEO credibility.
Let's say we get some sort of ECS "market update" this week (100% likely now lol) ... growth projections or whatever. Will it be enough?
The damage may have been done ... the insto/sophs who supported the $4m, 5c raise will be skeptical now ... the percentage wanting to dump probably increased considerably.
I think Alex Keach has a long way to go to rebuild perceptions of a whacky company in a whacky industry at a whacky time in the market.
And I don't know that he's got the credibility amongst retail investors (after that extra CR stunt recently) to absorb the dump (?) coming.
I guess we'll know by next Friday.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.32M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $21.35K | 1.447M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 6522135 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 252000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 6522135 | 0.014 |
9 | 1219741 | 0.013 |
2 | 650000 | 0.012 |
3 | 1405000 | 0.011 |
3 | 1750000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 252000 | 2 |
0.016 | 1149487 | 6 |
0.017 | 1146685 | 4 |
0.018 | 1062908 | 3 |
0.019 | 683269 | 4 |
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