Essensys Share Price (ESYS)

Just checking in. Very quiet board and I can see why. The company appears to be slowly but surely using up all its cash. I cashed out in April 2023 for 47p, taking an overall loss, since when the sp has dropped another 50%+.

Is the destiny of this company to delist and repair itself in private hands? Views most welcome.

makes the 'seller's out' claim from lunchtime look a bit silly.

Looks like Cannacord selling out to me (13.5%)
A placing could be on the horizon but my guess is this isn't it, I think they needed liquidity and after Cannacord put a huge sell order in, MM's drop the price to whatever CC were comfortable with and create the liquidity frenzy, probably be a TR1 later, risks are if they have more to sell then it's going lower, if its a placing then its going lower, but if not and they are out then probably a bounce back to 55+

would explain why the recovery is so slow, even with the volume of buying.

Quite of buys at the moment,sp not moving