Is the 14.5 million dollars worth of shares held in escrow across 272 individual applications going to affect trading and if so how.
Imo the answer is difficult.
Hypothetical----- you owe $50,000 to the ELF@ break even of .015 cps.
Why not say bugger the elf and buy shares today at .01 cent?
Alternatively you may be thinking I've got those shares set aside at .015 so I'm not interested in trading I'll just watch and wait.
At a guess the latter is more likely which explains to some extent the stagnant sp and lack of volume and thus volatility.
If all 272 individuals and then add all those who used their own cash to convert are watching and waiting its a wonder there's any trading at all.
News: ESI Environmental Clean Technologies enters sales deal with Jebsens for Bacchus Marsh facility, page-84
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $12.19K | 4.066M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 26614353 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 5031069 | 4 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |