This stock is a textbook example of management using shares as a printing press whilst taking too long to turn a profit.
An increase from 50,000,000 shares to almost 1000,000,000 shares in the space of just over two years is one very large red flag. Thing about that for a second from 50 million shares to almost 1 billion shares, not in 25 years, but in 2.5 years. Generally, an increase in the number of shares on issue results in an increase in share price as the investors climbing on board provide additional capital for the business to expand, however, the premise to this occurring is for the company to have a successful business model that actually makes money. EN1 still hasn't worked that one out yet.
Also, this stock is also a textbook example of some shareholders using their belief or faith in a team/company to continue to invest in a company, whilst all other ration signs point to a company struggling to survive.
Frankly, with a 95% decrease in the value of a single share since IPO and a 1740% increase in the amount of shares issued since listing, the only group of people to blame here are the shareholders who allowed this to happen.
EN1 Price at posting:
1.1¢ Sentiment: Sell Disclosure: Not Held
