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Luckybob23, you said it. All they need is funds. No more unnecessary directors. If Echo can function with the minimum staff why not. funds if not attracted by the model they will not be attracted by special employees.
Is the only way for tech companies to grow on the right path. Every time they need fresh ideas they have to Fire and Hire.
This is the only way forward. Expect a log of fit in the future.
A leader is born in syme. They know what they need at last.
USA and Russia are negotiating Ukraine peace deal right now. It started last two weeks by identifying the mediator. It is going to happen as USA are loosing ground right now especially in the middle east. better peace than total loss.
I guess the proposal will be financed by the same side dumping share at the moment. At the end of the month they will be happy to buy back 'as a finance proposal'. It is the task of holders to do not deteriorate the sp further and give them re come back at lower prices.
good day and better future!!
Don't be to exited about last few day sp decline:
Today 10th March . The end of March is the end of wbi ordeal. Lombard Odier is dumping shares here and in echo to write off some of their profit elsewhere. The idea is simple sell echo and wbi to register a loss to balance profits made during the year, simple so the don't pay massive tax and spread the risk over more financial years.
After 31 March it will be a new financial year and dumping echo and wbi will be a crazy idea as both companies are not in high risk areas.
So End of march is the strong sign. sp likely to return to 4.5 or above
Today 10th March . The end of March is the end of echo ordeal. Lombard Odier is dumping shares here and in wbi to write of some of their profit elsewhere. The idea is simple sell echo and wbi to register a loss to balance profits made during the year, simple
After 31 March it will be a new financial year and dumping echo and wbi will be a crazy idea as both companies are not in high risk areas.
So End of march is the strong sign. sp likely to return to 0.45 or above
iamrich, don't think Monecor knows this fact or they know more since they re-bought earlier. They could have waited few months more. At least they will have a clue about the next raising prices! they have the cash to participate in the next cash raise thanks the small investors baying high and selling cheap.
Usually these local traders do know a bit about share movement as they are investors and potential investors and closer to the source of informal info.
My guess is if there is a cash raise it will be at 0.35p or above and Monecor will be a part of it.
Monecor has a hint on the nature of possible partnership to come. Overwise they could have waited for further sp decline if any.
share supply is very limited at this level as they have being moped dry by Monecor.
when drills commence and the black stuff shows up, 2.7 billion barrels estimate if only 1 billion is extractable god news where the price will be! when these events materialize 50 bagger is a modest estimate. Till then short term traders are just eating the ears of each other here.
https://www.reuters.com/business/energy/italy-expands-adriatic-drilling-rights-hike-gas-output-lower-price-2022-11-04/
will it benefit gbp?