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Ann: EN1 August 2019 Trading Update, page-156

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Hingdog

23,679 Posts.

1498

12/09/19

02:13

Post #: 40390018
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Originally posted by SaberX ↑

Oh comon guys. $7k of shares sold at 2.2c. Even if the world was ending tomorrow you couldnt draw a meaningful basis for direction off a drop to 2.2 lile that. The spread and gap of no sellers to 2.6 should indicate to most that sellers are thinning out and obviously everyone is holding their breath for a) sept 19 numbers and b) debt facility and c) a resolution of the paused publisher.

they hit 1.6m revenue last month so one can only hope it'll be 1.8m this month. If it hits 2m it would be alot more preferable given sept should naturally be the strongest month of the quarter. Q4 will be the make or break for confidence. If all 3 months exceeed 2m it would be great. Hyper growth would put a rocket under us but heck not everything goes to plan so i am not counting on it. Only takes a few delays or the loan to fall through to put a delay and dent in plans.

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I haven't been watching the trading closely but from the little I saw of it, the selling was all coming from offscreen. And the fact it closed at 2.2c, regardless of how many shares it took to cause it, there weren't enough buyers to stop it happening. Looks to me like the waterfall will continue, even without retesting the old supprt as resistance

EN1 Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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