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0.2¢ eden innovations ltd

In my view they are performing.And given the nature of the beast...

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donnybrook

2,881 Posts.

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12/09/17

12:56

Post #: 27155724
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Originally posted by itm54 ↑

Like others here I have held EDE for many years, during which time there have been massive share issues. According to their website, EDE has 1,262,172,800 shares on issue, mind boggling. Market cap today is probably about $AUD 260 odd million, no doubt propped up by projections from US Investor Presentations like Colorado Stage 2 being complete by Q2, 2017 and generating minimum $US 50m sales p.a. Complete B....S. We long term holders know that objectively but subjectively we get caught up in the hype.

The market is heartless and is clearly saying "show us the money". Sales of $US 85,000 (spread over a period) will barely cover some of those expensive salaries. Sure, EDE should be looked upon as a long term investment, but the company needs to get BIG sales soon or else the large players will lose confidence and take a haircut to chase better opportunities.

The Board is no doubt finding that building a real company is more difficult than ramping up a speccy. Imo the pressure is on the whole Board to perform or else.

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In my view they are performing.And given the nature of the beast what more can they do?

donnybrook

EDE Price at posting: 18.3¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $7.357M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.1¢	$670	414.3K

Buyers (Bids)

No.	Vol.	Price($)
75	220327091	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	30726480	23

View Market Depth

No.	Vol.	Price($)
75	220327091	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	30726480	23
0.003	28674313	27
0.004	11853426	11
0.005	271625	2
0.006	432510	4

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last 0.2¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.2¢	0.2¢		0.2¢	118570
Last updated 11.10am 17/05/2024 ?

EDE (ASX) Chart