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Ann: May 2020 Mid-Month Trading Update, page-108

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Jazinger24

1,508 Posts.

214

28/05/20

19:23

Post #: 44902926
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Originally posted by BigWill2018: ↑

You say it as if it is a negative a director wants all his pay on shares rather than cash and it is only one director whi doing that.

Maybe Ted should change his pay packet to be shares just like Cameron Adams - would surely give confidence to holders that he isn’t there for the lifestyle but we both know this won’t happen instead they will keep pumping revenue announcements whilst issuing scrip to pay all the bills.

Yet Ted prefers raw cash for his wage and expects suppliers to take shares and hold them but despite this they get a discount on the average so they are okay to keep lowering the price as it means they get more shares and retail keeps picking up the tab... one day you will see it isn’t feasible for this financing and it is better to just do a CR and pay cash but we know you are against that, however EN1 has been in a type of continuous Cr for over a year and some people aren’t seeing it.

Imagine if Ted raised 10M at 10c people would be upset at the time but instead it is now at 1c so raising will be worse then if they just did it at 10 or even 5c.

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BigWil .. ESH made 100K in sales for the whole of 2018/2019. For Q1 it made 26K with a cost of sales 17K. Ofcourse ESH is going to pay in shares because there is no income to pay anyone in anything else.

EN1 Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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