I know what they call the "industrial" side the best as that's when I bought in and believed in the company. I think there is a need, but I don't think it is this saviour that the CEO markets it to be. I think it is a compliance piece, particularly for mining or tips but that's about it. The industrial seems to be on the small side-nothing big, Global Cities like Hong Kong and London have these monitors in place, but not once has EVS been able to break in.
Aviation just seems like "it was a good idea at the time", then covid hit, so grace period but post that, when everyone is spending the growth isn't quite there.
Water is the problem-$8mn raised which was used to fund the business and that is outright deception. There is a class action here for sure, and given the number of board members and current director's liability I'm tempted to start a class action or at least speak to some people.
The CEO and Board have been negligent in their duties. The CEO as also a Managing Director has wasted shareholder capital and spent money without proper due care. My gut is you could ask for the money back, less a legal no win/no fee claim, this is done a lot in Europe and the US. I also think (but correct me) that if there was a class action, the board has to fund it themselves as Directors, company money can't be used. If company money could be used they couldn't mount much of a case as there is no money left.
At the current price of 7c, If I could back to even to the original share price I bought in around 30c. Well that's another 23c, and say the lawyers take 40% I'd collect the original 7c plus 14c and walk away at 22c. 3 Times current value.
Be keen to see what other people think of this. I feel like some debate may ensue from here!
Or someone just buys it.
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I know what they call the "industrial" side the best as that's...
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Last
8.3¢ |
Change
0.001(1.22%) |
Mkt cap ! $120.2M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 8.2¢ | $741.6K | 8.984M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2673819 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 1218777 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 245124 | 0.082 |
2 | 760300 | 0.081 |
2 | 850000 | 0.080 |
2 | 706300 | 0.079 |
1 | 51282 | 0.078 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 1218777 | 3 |
0.085 | 1548454 | 11 |
0.086 | 376398 | 6 |
0.087 | 355809 | 7 |
0.088 | 3211375 | 5 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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