Obviously the conversion of tas debt to shares is positive and a...

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PigsMightFly

7,705 Posts.

2797

01/09/23

16:52

Post #: 69694150
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Originally posted by michaelbellamy: ↑

I am one of them i suppose donnybrook
I am giving it one last shot and believe risk/reward at this level is in my favour despite my current higher average price
the next 6 months are crucial and I am willing to back ede at this point
Obviously the conversion of tas debt to shares is positive and a good deal for Tas of which I hold as well.
Also the land sale if it happens reduces risk of insolvency massively
Also there is 3rd party 'gaggle' of possible pyrolysis interest which in my experience with Ede I take with a grain of salt until there is a material announcement however all up ede is still alive, there are willing backers like myself and of course the Solomons with commercial ready products for market ...we are in the right environment of products "climate change solution ready" for any company or jurisdictional government bodies looking to be seen as climate change responsible whether you believe in it or not it is a fact that products that are recognised this way have an advantage I am sure.
So let the dice roll see what happens the next 6-12months
however....
I am continually perplexed with this group of negative non holder posters on here under the guise of being on a mission to "warn the unaware" with countless posts of the same ole same ole adnauseum
Fairdinkum not sure if I feel sorry for their state of negativity in life or suspect their despise of this company and its possible success.
Hey negative nellies...we get it!
we know the risk so relax and go and do some constructive community work and feel the positivity in your body with love gratitude and compassion for the life you are living...realise you are under the ego control of your mind...still your mind and find your true self and purpose
I do mean that sincerely because in my opinion you are wasting precious life moments on here continually being spitefully negative to the point of concocting untruths to support your egoic mind.and your wasting my time reading your continuous trash or at best facts we already know,although I often get a good laugh(thanks).

so to any positive holders out there:
we have lost money sure and I take it on the chin as premature expectations/misguided belief in future performance projections that have never have been achieved .... but hey!thats my error. my poor judgement..so here we go ...think of being in the now not what has unfolded in the past so I have set 1 more year to make it profitable so It is what counts from now and for the next year for me.No commercialisation growth I am out after over a decade I know I have given it every chance.
Personally I still believe its a group of products/services we just require more effort of managent to expose our product advantages to the right market and I believe with my conversations this is finally happening
so if the products are really commercially ready I give it another 12 months.
All the best to holders... the struggle will make this company stronger in the long run ...if we survive and I think we will survive.

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Obviously the conversion of tas debt to shares is positive and a good deal for Tas of which I hold as well.

EDE can't service the debt so TAS has effectively written off the unsecured loan in exchange for worthless shares. It is just another example of the appalling corporate governance of the Three Ring Circus.

I'd like somebody to explain how a microcap manufacturer with $4M annual revenue needs $600K worth of legal work and $300K of management fees every year.

Last edited by PigsMightFly: 01/09/23

EDE Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
8 Upvote

4 Great analysis

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