ENA 0.00% 27.0¢ ensurance ltd

Good luck to holders - they will need it. This has been trading...

  1. 222 Posts.
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    Good luck to holders - they will need it.

    This has been trading around 15c for so long, and management can only find someone to underwrite the RI close to 50% discount.

    Clearly it shows how little love this company has.  

    What's more, for a junior with a sub $10M MC, it is appalling that there are five directors on the board.

    Look at the burn rate for 2016.  Over a million dollars on director/staff cost.

    These guys are running this like the fintech boom is at its all time high.  Luxury directors at its peak.

    A suggestion for them to actually show they are generating some good coin before such high end admin costs.
 
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Currently unlisted public company.

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