Ann: Termination of Convertible Securities Purchase Agreement, page-137

EN1 is the equivalent of a small independent travel company operating in a single strip shop location.

If you look at companies like FLT, WEB QAN the market is priced in a greater market share on the otherside of the recovery after the small independent travel companies and smaller airline operators collapse.

Like alot of companies the pandemic did some damage to EN1, now the strong have gained a greater slice of available market.

Strong companies can afford to operate at a reduced margin to capture more of the market share.

Just have a look at how Trade Desk performed 2020 in comparison to EN1.

The squeeze on EN1 has begun, how long can it survive on the generosity of shareholders is the ???