wabbit you have got it absolutely correct about the consolidation having a small effect on EGO's shareprice.
The trend has been going down by small increments in small trades.
The shareprice is dynamic not static. The company's shareprice has been trending down ever since it was announced that it was going to happen and the downward trend has been set post consolidation.
When the downward trend becomes an upward trend is something which will become evident once a significant event becomes known. When that will occur is anyones guess but until then the direction seems to be downward.
None of the positive announcements to date have been significant enough to reverse the trend.
You cannot continually blame the price of oil entirely on EGO's shareprice. The POO is now range bound, it goes up a little and down a little (Brent is $34.89 bbl up 7.32%) but EGO's shareprice continually goes down. It should be going up now surely.
So tell me what is wrong with EGO?
Why is the market ignoring EGO?, page-76
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