I am yet to read one user on the EN1 discussion forum mention dividends - clearly many years away, but one of the first questions a value investor asks.
It is pretty clear that the EN1 holders posting on this forum are predominantly speculators - otherwise you all would be simply purchasing the stock and shutting up about it - but it is the same users posting every day about how great the stock is. It is clear you want to ride the waves and cash in your profits: which is fine, but also very transparent.
Also, rarely is the fact mentioned that EN1 has permission to issue another 100,000,000 shares, ontop of the 500,000,000ish already on issue. Now, I know you all will reply saying that is a good thing that Ted has access to capital, (and it is to an extent), however why does he need to finance it on the issuance of share: if the books are as rock solid as everyone is claiming, he would be better off arranging for a bank overdraft account, not based on convertible notes, which can be used to pre-purchase advertisement slots as required by the business model.
Anyway, I'm a long term holder for a while now, (bought in in the low 0.020s), however it would be great to see some more objective analysis on this forum, not just typical Hot Copper day-trader fluff. It gets old.
Also, calling anyone selling down the shares as "suckers" shows that you have no idea about what goes on behind the scenes - the suckers are the people sitting on Hot Copper and drawing lines and graphs trying to predict the movements of the shares - with absolutely no clue that the lines represent nothing and they have no control over the share price and no idea which way it will go (which is evidenced by the comments on this forum when the price goes down).
Good luck everyone, I'll check back in on 31 December 2019.
Expand
