Great narrative but very mediocre capital structure.
A legacy of the vehicle:
Date
Name
SOI
Options
Notes
Dec 2010
Sentosa Mining
32870000
2000000
IPO - issued to raise $ for exploration for 3 years without success
Jan 2014
Parmelia Resources
91207998
45711383
Changed name. Same management. Issued to raise $ for 2 years without success
Sep 2016
Veriluma
399104059
70297176
Change of management & business - Predictive Analytics (AI)
Sep 2017
Veriluma
771304799
20000000
Voluntary Administration DOA Grover/Formica/Canary Capital - capital raise
Jul 2019
Veriluma
77130479
2000000
Consolidation 10:1
Aug 2019
Veriluma
265300704
72000000
Capital raise at $0.03
(inc. 35000000 options $0.08 30/6/2023 recently exercised)
Dec 2019
Houston We Have
269257713
72000000
Name change to HWH
Mar 2021
Houston We Have
318500000
96000000
EchoIQ transaction
Dec 2021
EchoIQ
394332713
198175000
Strategic Transformation - EchoIQ transaction and name change to EIQ
Oct 2022
EchoIQ
453252876
126860000
Whitelock shares/options acquired off market
Note: Numbers include all securities quoted and unquoted at the time
The strategy to print so much paper has its consequences and will need to be very well managed to absorb the stale bulls from previous incarnations of the vehicle.
The main culprits are now the May 2024 $0.05 options (45000000) from the 2019 $0.03 raise...
Recent raises at $0.15, directors exercising options at $0.15 entry and today's confirmation that all the $0.08 20/6/2023 options have been exercised is positive.
Recent price/volume action suggests management are on top of the register.
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- Ann: Application for quotation of securities - EIQ
Great narrative but very mediocre capital structure. A legacy of...
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $75.27M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.0¢ | $2.012K | 14.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1230321 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 210000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1230321 | 0.140 |
3 | 354384 | 0.135 |
3 | 275000 | 0.130 |
1 | 4000 | 0.125 |
1 | 63536 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 210000 | 2 |
0.155 | 42357 | 1 |
0.160 | 46666 | 2 |
0.165 | 63000 | 2 |
0.170 | 303317 | 4 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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EIQ (ASX) Chart |