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clock Created with Sketch. 05/06/24
16:33
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Originally posted by wolfk:
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Unless the remaining 50 million has already been nibbled away at... Can't be too many holders with positions large enough to sustain the selling we have seen since it was announced that he'd been removed from the board and liquidated half his holdings. allegedly tanking the share price to liquidate holdings. We know that he was happy to sell half at 1.5c, so anything above there is technically a premium to be able to palm off on the market. hopfeully what those who have also been absorbing part of those 51.5M shares in the last month have also decided is their ECS investment strategy.
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Well said @wolfk , it is a great and rare opportunity to accumulate at these prices, not yet sure who is selling so hard. I do not believe one should point finger on AK, as we were advised it was a distress sale and could happen to any one of us. I too do not think it is logical to sell at these prices especially considering the current financial position of this company. During last weeks presentation Nan confirmed our position of strength. I will try getting more at 1.6c and lower.
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