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One day closer to the next confetti dilution!! My guess is early June.. 50 million shares at 5p to fund the salt business venture into crackers!
Hopefully they are just waiting to dot the i's on some big contracts...
and dallo for your calculations I own 0.2% of the company....
A quiet week on the news front... I'm sure they have been busy behind the scenes.. would be nice to get the ENET party started soon..
No surprise that the TEK confetti placing cannon fired again!!! The problem with AIM lifestyle companies is that they are run for the egos and bank accounts of the management team and NOT for shareholders... The long term value destruction of TEK shareholders wealth is all you need to remember.. the trend is your friend..
I'm surprised this AIM lifestyle company is still going.. who throws good money after bad ?!?..
Lets hope for some good news in the next few weeks to get this party started!!!! Back to IPO price will be a good start and then onwards and upwards...
Let’s hope for a nice bit of contract news next week.. I averaged down today.. :) ... kept a bit of powder dry in case we see the teens
The Dream of riches is a stark contrast to the reality of the share price!
MTD % -4.41%
1M % -12.16%
YTD % -9.72%
1 Year -2.99%
Since IPO -73.75%
(You don't need glasses all negative numbers!!!)
The trend is your friend!
Quite an interesting read:
https://experience.molex.com/electronic-solutions/telecommunications-insights/
Interesting that VSA agree with me that 18p is an attractive entry point.. i will wait for the retrace
the lukewarm reception by the market to our new Chairman and the increasing competitive threats do not paint a rosy picture for ENET... time for management to switch the narrative from dilution and disappointment to contracts and cash!!!
Can't see much 'City' experience on his CV.. IMO needed a big hitter to get upward movement in the share price.. expect the recent weakness to continue...
Let the confetti dilution cannon fire!!! Lets hope the drills are way beyond what is expected given the placing requirements, otherwise this will tank!!!
Very easy to show the shocking technicals:. if the same rate of decline in the share price continues (i.e from 39p on the 10th February to 32.50p today), we will be at 27p on April 9th, 21p on May 9th and 17p on June 9th.. That looks bad to me but offers comfort that potentially a top up in the teens is easily achievable in 3 months if the current share price momentum continues!
the problem with TEK is that every bit of good news at the Portfolio Company level is drowned out by the confetti placing cannon which showers the market with new stock shortly after... that is why the long term charts slope downwards and the only people who make money are those who short and cover in the placings!!
technically the share chart is not looking at all good.. hopefully an RNS with some substantive news will drop soon.. if not the near 20% drop in the share price we have seen in recent weeks will seem like small fry and my teen top up will become a reality...
How Foo isn’t in prison yet is beyond me.. he orchestrated one of AIMs biggest ponzi schemes and remains free!!! How many thousands did he steal of f PIs!!!!!
A screen full of sells and a tanking share price.. wait for the teens!!!!
Thanks Tracylied.. I do appreciate your informative posts.. not convinced to average down until the teens.. but haven't sold what I have in case I'm wrong....