ESN re-listed on the ASX at around .005 after raising a lot of...

  1. 13 Posts.
    ESN re-listed on the ASX at around .005 after raising a lot of money at .005 also.

    The shares are now several months later trading at 80% below both the capital raise price and the price it came back onto the market at.

    Given the amount of money raised, clearly there were plans in place for this company.

    The market however either doesn't support these plans or has grown impatient.

    Strangely, the current market cap is well below the amount of cash the company likely still has at bank.

    Any thoughts on what lies in store for ESN for 2012?
 
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Currently unlisted public company.

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