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ASXSpecialistJust more mis-information on these EN1 threads.It's...

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Paul100

3,701 Posts.

176

14/07/20

19:33

Post #: 45863033
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Originally posted by ASXspecialist: ↑

"however to be fair like many CEO's he has been thrown a decent curve ball"

And what curve ball is that exactly?

The whole EN1 business model rests on the online economy - IT DOESN'T EXIST IN THE PHYSICAL MARKETING WORLD (THERE IS NO EN1 APP FOR A MARKETING POSTER ON A BUS STOP) - and therefore if anything this crisis should have increased EN1's performance, income, revenue, and so on. Other online businesses have reported huge increases in online visits, sales, and revenues... all because people are locked at home and have nothing to do but go online. Historically, this crisis was THE chance for EN1 to show its business model works, to report greater income and to finally to hit all those milestones that the debt facilities were for...

But no.. it somehow managed to convince people that it was the same as any other physical store and that it required government handouts to get through the crisis... the same crisis that should have been its opportunity to shine.

In my view this company won't exist by the end of the year - they had their chance to prove their business model worked when the ENTIRE WORLD was locked at home and looking at the internet.

EN1 simply can't compete with the heavyweights. I honestly think half the posters on here have no idea what EN1 actually does.

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ASXSpecialist

Just more mis-information on these EN1 threads.

It's pretty basic. When businesses are shutdown they dont advertise. And if they dont advertise it matters not whether you are online or not.

This is the problem the company faces and the way the US is managing the virus it not looking great for the next few months.

But the company will survive through more dilution.

At this point in time there is no other option

EN1 Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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ASXSpecialistJust more mis-information on these EN1 threads.It's...

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Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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