It's not hundreds of thousands u pillock. You can dump when ever you want.
What assets do Echo have and how much are they worth? How much debt has echo have? How much cash are the drawing to cover wages? How many shares are there?
Did say it may sound odd guys. Sometimes you need to think out of the box. peel only know why
Many in here are holding vast amounts of worthless shares because they only listen or think one one level.
I have a thought on that which may sound odd. They may be using Echo and others in similar near death positions as a live training tool for young staff in how to trade and influence the markets. It's a very low cost so low risk but your learning on a live market. You can study real data of the reactions on your large. Volume trades at a relative low cost.
As Echo is sothin on the ground in the BODs and executive members their influence is going to be predictable as it is limited.
The average Joe might as well be playing pitch and toss with the share. There is absolutely nothing to do with the company as in Echo which is a complete basket case in it's own right. What is happening here is total manipulation by shady market traders. The PI's will get burnt unless you day or hour trade.
Echo has hee haw assets or income the only thing it has that is attractive to these guys is billions of worthless shares that they can use like a sponge to soak up the easy money that collects at the bottom of a bin.
If I am wrong I will hold my hands up but if I'm right few tell of being done over they just wish they had listened.
RE: Seems to be a good entry point15 Feb 2024 21:28
Toli
I do struggle with people with people that are clueless as figures and choose to get involved with the money markets.
It's a bit like me adjudicating a championship spelling bee. We both look and sound stupid(in the written word) you have to remember 1.0 is a penny 0.5 is half a penny. 0.1 is 1 tenth of a penny and and 0.005 is sweet paper's.
Cadbury's might give you a call to cut a deal as you have 197,000,000 sweety wrappers there.
Vastly experienced should include current as well as passed.
One can be a great football player, but managing is a different thing. So for is role here he will be judged on what he does. So until he does something or even says something we wait. But it costs to sit and do nothing.