I have been doing my research on EBT and am wondering why the share price has increased so much.
The company has accumulated losses since 1997 of 22.77 mil to 2004. Add abnormals and this blows out to 33 million. The market cap is currently 60 mil. (based on current inflated share price). How much profit are they going to make and when?
They must be running out of money.
Certainly wish I had bought them at 10c but couldn't justify it then and would be a mug now.
They are NOT another ALL (Asitocrat). ALL makes millions in profits. I don't hold ALL either. They were on the avoid list of most brokers at 2.00...lol...I don't listen to advisers much now.
As Warren Buffet says. "Would you want to own the company you are investing in".
EBT....I think not.
Have fun while it lasts.
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