Some announcements should come out within the next 2 weeks maybe even as soon as this week.
1: July revenue
2: debt facility (and already in use)
And who knows what else TED has for us.
Also guys I don’t know if this is allowed to be done or not,
So would like some feedback from you holders and see what’s your thoughts.
I was thinking once EN1 starts being profitable and making a decent chunk of change,
Can EN1 buy shares with some of the revenue on market?
Just say EN1 makes 25 mill can EN1 put aside 3 mill to buy shares on market?
That will give less shares out there for retail holders because EN1 would be the holder of them. ?
(And clean up the weak hands)
And let’s say they accumulate 3 mill worth for 10c then once the SP is at 20c and they want some extra cash they can sell to an institution for 6 mill and double the money for the company.?
Or even just keep them shares and lessen the dilution.
( although there is not a great deal of shares on the market compared to others I held)
I know they can use that 3 mill to by slots and therefore make money on the 3 mill I get that.
But I thought it could be a good idea to use some money to buy shares.
If it could be done and they do end up buying back some shares once dividends are a possibility then that’s money again for EN1.?
Like to hear what you guys think if it could be done or not. ?
EN1 Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
