SP, I imagine you sold NDO at much higher prices at least.
IMO, I cannot see a future in this one now unless a miracle happens - the SPP will not be supported as other types of the same ilk have shown in recent months. I know very few who support the blue sky minnows now.
I don't know what I would do in your position but the 1.6 is eager, maybe best to wait for further info re-the SPP and better days IMO.
Anyway, IMHO, the company has shafted holders here, by default - I guess they had no other option. The management is fair but the business plan is close to failure despite their potential.
Hope you're well. I am also holdoing heavily in one (ELK) which did not get their timing right re their capital structure and concerned too. The comparison is that ESI have close to 350m shares on offer today - maybe much more soon. The SPP looks very shakey as a simple 15% would've done IMO, but no takers so straight to the retailers - looks very urgent.
FYI.
ESI Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
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