Wrt to the Chairman buying 1 million shares actually its a lotttt more than 1 million shares over the past couple of years, but I'd be very surprised if he was responsible for all the shares traded on Friday - we will know soon enough!
And the fact that the Chairman has supported the company both with share purchases, plus loan money, suggests to me he won't let ENA go under - its like his "baby", to see it finally trade profitably after removing the cost elements not bearing fruit. Its taken a very long time, and seemed on schedule to turn the corner when covid struck, so my thought is its just about at that point of registering positive cash flow - if that does happen the share price will take off IMO!
ENA Price at posting:
2.0¢ Sentiment: None Disclosure: Held