For a proper analysis of a company and where it is placed it...

For a proper analysis of a company and where it is placed it helps to do something like a SWOT analysis. You know, strengths, weaknesses, opportunities and threats. To concentrate on S and O doesn't give a full picture and is of limited value. Unfortunatley in this forum, those that bring up W and T are shot down and end up not bothering to contribute much.

The following is worth considering:
"ECT was listed without a comprehensive business plan, an inadequate capital raising
model, a board that had minimal listed company experience, and major shareholders who
were nave in their dealings with the company." These were the words of the ESI chairman.

Unfortunately, IMHO much of the above still applies (immediately following the statement above the Pacicifc Capital debacle started and since then we had another capital raising that smelled of desperation.)

Effective management is a big reason why a company like WEC has made great strides while ESI has floundered. If ESI had management like WEC then I don't doubt things would be a lot different.

This is why the SP is undervalued and it will take a lot of runs on the board before this changes no matter how good the story looks. In the meantime profits can be made on the inevitable rollercoatser ride that will continue.