It only takes one announcement for ESH to become an instant 10+ bagger: Exclusive rights to host a major eSports tournament.
I don't know about you but I'd rather secure my shares and wait a year for the company to fully focus in providing a platform that majors would be confident can hold big events, than spend effort on breadcrumb reporting for a few pips because some traders see red across disallowed floor.
Announcements are not what creates value so stop chasing it. What creates value are product and services improvements eg. a complicated and high tech eSports mobile tournament platform. Experience would tell you those companies that constantly release ASX announcements are the ones that becomes shell in a year or two later eg. SYT.
If you want to trade for pips, I'd recommend mining stocks. They are a little less high risk than tech penny stocks. Good luck
ESH Price at posting:
1.4¢ Sentiment: None Disclosure: Held
