Member Info for Helx2

Pot calling kettle black...

How come you don't want this to rise again like on friday rick?

I agree with you CDF1 - i'll play with the short / bitter crowd for a bit longer, but agree that getting away from these bbs is healthier for your investment mindset. Easy buy & hold here until the news update.

Look at ranger the maths guru - now dishing out basic arithmetic like he owns the subject! quite the contrast from a few posts ago.

I think the 'madness' of the echo investment decision really depends on how cash-rich you are tbh

I see ECHO as having hit the reset button on their company, significantly reducing their exposure & debt to an exposed / failing asset in Argentina, almost wiping the slate clean to start again with new capital raised, a new CEO at the helm with a market cap at the all-time-lows.

If you think ECHO will fail in the interim based upon the above then don't invest (& ideally stop doom-mongering on this board - aka ranger). If you see an opportunity either short -term / long-term or both (like me) then pile in at these levels like Mr 1bn. You won't need to buy a single-share again after any rise if you accumulate enough now.

Ah there you go - you're not a total imbecile.

Yeah I can see PH doing that again too - they still have a declared 5% as it stands.

Hate to bang on about the same point but ranger really is a fool for not looking up how many shares are in issue to correctly calculate the mcap before making statements backed up by his incorrect information. Worse still, he lacks the integrity to properly apologise and admit his flawed logic. Tells you a lot about his character and why he plagues this board still after having lost his money on echo previously.

One day you’ll work out how to calculate the market cap of a company I’m sure 😄

Not too disappointed with the Peel news - they clearly started selling after the Friday spike - like I said earlier - easy to manipulate at such a low mcap. They’ll probably do it again soon enough - at least we’ll be wiser to these games.

Corporate update of plans will be the big news to move this.

Hilarious if we see a TR-1 posted tomorrow further to our in-house investor Chadster lol

Remember... with great power comes great responsibility..! You'll be influencing the board in no time :D

Lol some apology...! too much pride that one.

I'm seriously considering doing the same thing... getting closer by the day...

Happy to answer you as soon as you admit you didn't know how to correctly calculate ECHO's (or indeed any other company's) market cap.

Lol ffs - please tell me after all your ramblings here that you know how to calculate the market cap of a company...?

i'll help you out:

Number of shares in the company (17bn) multiplied by the price per share £0.00005 = the market cap of the company.

if we can't agree on this then you truly are an imbecile.

So you got your maths wrong ranger? surely you'd have the decency to admit that?

Hey Rob - I get your worry, aim is for sure one of the higher risk / higher reward places to invest in. Un-proven businesses / easily manipulated share prices and all manner of ugly forces working behind the scenes to influence the behavior of PIs - feeding the former. You just gotta keep a healthy balance with your money - assets / savings accounts / risky stock plays / less risky stock plays / bonds etc. It sure makes decision making (de-ramper noise-cancelling) easier when one of the risky ones goes south.

ECHO is so low - unless you're backing a total failure of the company from this entry point, then I think we'll be fine. There's no way an investment bank would take a new 14% stake without having justified the business case. We're all waiting on the news from the new CEO. The only interim headwind I can see would be a large capital raise beyond what's already taken place. But even then, this would only be taking place to support the new venture. At this price level - I'm not too concerned - i'll probably just buy more.

Um well there are 17bn shares - so 1% of the company = 170m which at a cost of £0.00005 = £8.5k but i guess you'd know best given your experience with ECHO, having lost all of your money here previously.

I reckon Peel Hunt can calculate numbers better than you too - probably why they've invested here at 14%... but what I do i know... they're just an investment bank after all.

What an interesting time for ECHO. Clearly there is a lot of interest here from both 'rampey' investors & 'de-rampey' / shorters. No doubt the fact that you can now own 1% of the company for £9k at these prices is encouraging a lot of emotive influencing on this bb.

Factually speaking, Peel Hunt LLP a leading UK investment bank (by their own volition) bought 14% of the company last week. So if you're going a against a turnaround play for ECHO at this point, with new institutional backing, a new CEO with new capital raises complete then I think you must be barking mad. Huge risk to short-sell here now (which wasn't the case over the last few years).

In a day this will multi-bag on good news / clear direction from the CEO - given the low mcap. It's effectively a shell-vehicle play at the moment, these kind of situations / this early on can bring massive rewards to those brave enough to take part. GL all holders!

Another 100m for me - gobble gobble gobble!

I guess that's why Peel Hunt LLP have bought 14% of the company this week...

Trading vs investing - all about knowing your timeframes.

I bought 10k of HE1 at sub 0.2p & still hold a 1m free-ride which i'll be keeping until they get JV news. Should still multi-bag at today's prices from there. Long term investing strat (for multi-baggers) def out-weighs the short term trading strat imo however I find a bit of the latter helps to maintain sanity levels / build you a bigger pot for the long termers.

Aim is waking up a little bit after a number of very negative global / covid years. There are now ripe opportunities in front of us all, like here in ECHO. A clear game plan from the CEO will see this multi-bag. Sell a bit for the trade - hold a bit for the long term. Easy money / low-stress. as always DYOR.