maybe its leaking a bit though... just a theory
here are my views again, again with the phone calls (I was enjoying a pint)
i posted this nearly a month ago. i stand by it.
only difference = more value now.
my view in v brief terms:
managment - full time = overpaid; part time, underpaid with little power to control the overpaid ones.
cash burn - excessive given stage of commercialisation.
progress of Tincom - at Tincom's beck and call, not ours.
Other deals - in where?? Poland??? Greece? Indonesia? Hardly stalwarts. China, Mongolia, India... where are they?
Technology - amazing. Never a debate.
Sales - YES! Small but show we can at least afray some costs. Lets not get excited about "profits" from ~$60k of sales yeah. But, well, it sells i guess. Lets get some up-front cash in the door. Lets not waste it please.
Use of consultants - excessive. See point one, overpaid management. Should we hire lower paid full time management and cut the consultant fees = yes.
Who would want to job = anyone's guess.
Support of State/Federal Govt/Infrastructure needs - unknown, though I doubt telling the government in not too subtle terms they need ESI(see www) helps; though I can understand the frustration.
Support of strategic partners - no comment.
Do i think ESI is value at these levels - YES. At these levels.
Disclosure, I do hold some options (no shares now).
High Risk/High Return
Will ESI ever be a non-traded pump and dump stock = unknown, I hope so.
What will make this happen = Tincome JV, plant construction.
Management change.
And share consolidation.
In this order.
Downside scenario - Tincom takes 12 months and buys ESI for 3.5C... but not before ESi hits 1.2c. Options 0.5c
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $51 | 25.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 20905870 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 16985208 | 52 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 20905870 | 0.002 |
27 | 29562532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 16985208 | 52 |
0.004 | 8358928 | 14 |
0.005 | 3596859 | 22 |
0.006 | 3178567 | 7 |
0.007 | 918333 | 2 |
Last trade - 12.34pm 28/10/2024 (20 minute delay) ? |
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