ECS 5.56% 1.7¢ ecs botanics holdings ltd

Gotta laugh at some points along this journey to a $200 mill +...

  1. 7,180 Posts.
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    Gotta laugh at some points along this journey to a $200 mill + market cap that I believe ECS will get to, today we got AGH, that has just done a cap raise at 2cents, and has diluted their holders by 25% to raise just $2mill, and issued free options along with these shares that would mean a 50% dilution if excercised, yet today they are trading 25% above their raise price , trading 2.5cents and had $62k traded.

    Yet here ECS is, trading well under our last cap raise at 2.2cents, at 1.7c with only $12k traded. Even though we have been mostly cashflow positive this last year and had record harvest, have a CEO that is legit hardworking and great decision making and paying reasonable salary (Josh the CEO of AGH gives himself $602k a year as well as relocation fees of $100k + a year for losing over $62 million since IPO and not achieving cashflow positive business, Nan pays herself $322k .) Heck even AGHs CFO pays himself more than Nan.

    ECS just completed record harvest and expanding, and has non dilutive funds to use to expand with NAB facility, not getting diluted by 50% like AGH.

    Bring on the quarterly, the more info out there about ECSs finances, the more people will see how undervalued we are and jump on board!
 
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Last
1.7¢
Change
-0.001(5.56%)
Mkt cap ! $21.90M
Open High Low Value Volume
1.7¢ 1.7¢ 1.7¢ $2.611K 153.5K

Buyers (Bids)

No. Vol. Price($)
8 3227363 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 130904 3
View Market Depth
Last trade - 15.35pm 17/07/2024 (20 minute delay) ?
ECS (ASX) Chart
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