By all means I was bullish on ECT, but I think it's about time we get realistic on this. The story bought investors, but it hasn't bought any customers.
Previous MD was in the hydrogen capital of the world trying to sell this but couldn't even get a small fish to bite. No offtakes, no IP leases, no JV partners - that is the reality. One of the key patents also expired which has brought $0 in revenue.
We are close to reaching the same amount of SOI as 88E without any of the liquidity. This will end in misery. We will probably need more cash in the bank, another CR at a new low awaits.
By all means I was bullish on ECT, but I think it's about time...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.469K | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 19513067 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11596834 | 27 |
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| Last trade - 15.57pm 21/06/2024 (20 minute delay) ? |
| ECT (ASX) Chart |