LoL Cant help yourself can you abe! ECS finished the day up,...

  1. 8,292 Posts.
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    LoL Cant help yourself can you abe! ECS finished the day up, sellers were gobbled up. I doubt anyone in ECS would jump ship into CAN, ECS is actually making money and doesnt have debt, CAN is losing money and doesnt have a way to pay their $60+ million debt. Im glad its had a run, but lets not go losing our heads here, not much has changed fundamentally.

    Think you might be on the money here, it didnt cost much to get the share price to over double:

    In just 7 trading days, to have the share price go from 3.8 to 10 cents, it was under a $1 million worth of shares bought.

    Now think at the close now, even if they do a cap raise at a 15% discount (at 8 cents) thats still at a premium of over 100% from where it was trading 7 days ago, lead broker wins higher commission and more chance of uptake of a raising when company is rising fast, company wins with money raised to pay themselves, shareholders win if they get out - as some holders did today around the 13 cent mark, only losers would be those caught in the pump and new shareholders in the raise. Which is all too often the case.
 
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(20min delay)
Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $9.118M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $14.68K 1.021M

Buyers (Bids)

No. Vol. Price($)
1 24863 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 319977 4
View Market Depth
Last trade - 15.26pm 29/07/2025 (20 minute delay) ?
CAN (ASX) Chart
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