Well for small holders like me, the SPP has effectively valued my stock at 5 cents. If I sell today at 6.3 cents, I could repurchase the same amount at 5 cents, which represents a 26% arbitrage. The only question is whether the stock is even worth 5 cents?
My average is just over 22 cents, making this the worst percentage loss I’ve experienced in any investment. I should have taken it more seriously, but I let it slide because the amount wasn’t significant, though 70% loss stings, as I shouldn't have averaged down, but sold up at a loss.
Honestly, I feel that we, as investors, have been misinformed about the actual state of the sales pipeline. There’s talk of a $100M pipeline, but they’ve only secured a fraction of a fraction of a percent of that.
So much so, I think it’s more than just a long lead time for uptake; in my humble opinion, it’s a fit-for-purpose problem. It’s like asking taxi and courier companies, "Would you be interested in safe, driverless electric taxis and vans?" They all say yes, and suddenly you claim a $1T pipeline of sales. However, if you can’t engineer and mass-produce safe, AI-driven electric vehicles, then your sales pipeline is just nonsens
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enlitic inc.
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2.4¢

Well for small holders like me, the SPP has effectively valued...
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Last
2.4¢ |
Change
-0.004(14.3%) |
Mkt cap ! $19.81M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.4¢ | $67.29K | 2.684M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 452173 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 1854 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 452173 | 0.023 |
1 | 264350 | 0.021 |
1 | 50049 | 0.020 |
1 | 13000 | 0.019 |
1 | 100000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 1854 | 1 |
0.025 | 912742 | 1 |
0.026 | 900000 | 1 |
0.030 | 261030 | 3 |
0.035 | 2063365 | 1 |
Last trade - 13.45pm 16/06/2025 (20 minute delay) ? |
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ENL (ASX) Chart |