1982, "train wreck" isn't strong enough. Debarcle is the word I used after the 4c and I'm sticking to it.
No growth last quarter. Cash burn of $6.5m per qtr and only $7m left in the kitty. Turfed the CEO. Declining average purchase measure. How does an ecommerce business make money if they can't grow revenue?
Now I'll sit back and wait for the cheer squad to tell me how chuffed I should be to be able to sink more funds in at half the float price and 25% the CR price.
You can't buy credibility with a name change. You need to run your business so that it benefits shareholders. Just look at the 1 month chart to see management's scorecard.
E88 Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
