Syrianprince,
it should be remembered that on 11-Mar-2013 there was 1.3 billion (approx.) fully paid shares on issue with the SP @ $00.001
As of 30-July-2014 there are 2.77 billion (approx.) fully paid shares on issue with the SP @ $00.002 (today’s close).
That’s a huge increase in market cap, based on what?
Only $5k approx. revenue for 13/14, with $00.00 revenue in the last quarter of 13/14 and no announcement on revenue for the current ¼.
It would appear a substantial increase in revenue has already been factored into sp
OR
Some one is doing their best to keep the sp at $00.002, (smallish $00.002 trades)
There are still lots of $00.001 options and the convertible notes out there.
(The SP peaked at $00.006 in Dec-2013 based on what?)
(If I am out on the amount of shares on issue I am sure someone will correct me)
ESN Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
