ERG will probably post another loss this Half/Full Year, but after that substantial profits should start to flow. Many of their existing contracts have reached the profibility stage and remember, with the Convertible Notes now gone, $18M per year is being saved in interest payments. That adds alot to the bottom line.
Additional contracts should also be added in the coming months/years. ERG has the best transit smartcard technology and now has a pretty strong balance sheet.
profit/loss
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Change
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Mkt cap ! $2.178M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 459147 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 90000 | 1 |
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