Hi Viper, I would be very surprised if there are further raisings after this one.
A further $10m after receiving $6.5m only in the past few weeks should be more than enough for Ensogo.
Now that we have access to Vipshops products and distributions networks, the company should now be in a position to increase revenues and margins, resulting in profits.
I would hope that the next institution that wants a stake in Ensogo will need to muscle it on market, or negotiate with substantial holders for a chunk of their holdings.
Will be interesting to see how this trades over the coming days.
E88 Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
