Blank Slate New Beginning3 Mar 2024 16:27
I hope all had a good weekend.
So the 1st full week of March is here. Many have hailed The Last RNS as the New beginning (they may have used words like in the passed going forward and the likes) So lets give them the benefit of the doubt .
A clean slate with a lot of shares 17,000,000,000. The matter of bonds and a small loan and outstanding payments to BoD's or ex Full Execs we will put to the side along with the small assests.
So we have a clean company with 17 billion shares already.
What not there is already a drain on the zero bank balance as there are wages and taxes to pay along with the daily expenses.
What is Echo trading in? Exploration Production or something totally different? We don't seem to know ( Remember this is a blank canvas)
As some will know bidding for contracts is a costly business with no guarantees of success.
Lets say Echo gets luck and wins a contract or buys an asset or up and running company. How will they finance this?
Loans or asking the share holders to pay more? both will come at a cost. Even if Echo had no track record that would cost, knowledge of it's past financial history may be costly.
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Oh I forgot to mention the Share Price.....
Not everyone sees that as a real indicator of how the markets see things. They seem to think the MM's play games.
I'm sure they do as NASA doctors images but that's where PI's make or lose their money.
So SB (the CEO of many Words) over to you..... You took this role on back in late November 2023. It was great to hear you spoke with Chubster the other day. After all he is a share holder of 4%. He would have been better off talking to the cleaner as he gleamed as much info as she has.
But I do thing you should really engage with your shareholders in general. By all accounts you have ruled out a few countries but the thing that was left in my mind was what kind of business or sector do you see echo targeting? As this is a new start it could be anything?
Lets us know on a Postcard or an RNS
Regards