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2.6¢ ecargo holdings limited

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SelmaBouvier

3,692 Posts.

23/12/15

19:43

Post #: 16677989
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Originally posted by cluong3000 ↑

All the newspaper articles, and motely fool have got it all wrong. The existing shareholders in Hong Kong currently own 75% of the company. The father and son have like 400m shares between them. The ECG should have a market capitalisation of like 150-200m based on the asx share price. I think the existing shareholder are going to sell-down soon. I feel like its a ponzi.

Do some research and dont rely on Motely Fool.

Bought then sold after i did more research. Made small profit.

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Your research should have revealed that there are only 97m available. The rest are in escrow and can not be traded. Not too late to buy back in.

ECG Price at posting: 44.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Add ECG (ASX) to my watchlist