The latest quarterly report shows cash will run out this quarter.
ETR has been surviving on R&D claims funding and ever deeper discounted capital raising.
15c in 2019, 7c in 2020 2c in May 22 and finally 1.5c in Dec 22. Millions of shareholder funds destroyed.
Surely there are no more gullible investors seeking to get into this penny stock.
Their claimed growth in the recent quarterly update conveniently refers to the prior year’s quarter. Growth over the last 12 months year on year is pitifull.
The company was initially based upon tyre ‘desorption’ to produce oil and char. This has not eventuated as evidenced by the continued R&D claims. Instead the company has invested in whole tyre collection and chipping to try to generate cash flow.
The facts speak for themselves.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.88M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| ETR (ASX) Chart |
Day chart unavailable