ESN 0.00% 1.6¢ entellect limited

Ann: Half Yearly Report and Accounts , page-6

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  1. 3,857 Posts.
    lightbulb Created with Sketch. 79
    Looks like ESN might need -
    Substantial revenue - $100,000.00+ per month
    or
    More notes issued?
    or
    Notes converted to reduce debt (dilution)
    Options (.001c) (100,000,000)per month excised to put $ in the kitty (dilution)

    This might all come down to how good a friend the note/option holders are?
    Options could be converted and sold at .001c only loss would be brokerage, IF previous notes/options were sold in the .002 to .006 range they may have enough profit to justify doing this.

    The other concern is the decrease in Net Tangible Assets from -.04c to -.07c (negative .07c) per share

    There are quite a few things that cuold be done with the notes/options.

 
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Currently unlisted public company.

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