With the chart and market depth both starting to look quite ominous I am growing very impatient of this pending funding announcement. Just wondering if anyone has called or emailed the company recently and got wind of any progress ?
The management of EQR dont seem to get, for my mind anyway, that the market has an insatiable appetite for information and in the absence of any they will start to draw their own conclusions which, in this case, appears to be on the pessimistic side. Its a game and they arent interested in playing it. If they continue to ignore the flailing SP even if the funding announcement materialises, we might find ourselves springing off a base around 4c instead of where we should be currently, around 8-9c.
EQR Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
