It wont hold 3 cents for ever under 1 is real close!
It needs an EPS of 11 to 18 cents for a minimum of a year and a half and proof that the contract with IHG is profitable and proof they can process foreign currencies and negotiate international taxation and currency hedging and even then the price would only hold at around 15 cents.
It shouldnt be publicly listed. What really irks me is that within a few months after it is delisted, another crew will probably be operating the same thing only domiciled in the Carribean or Canada or Egypt for all we will know and operating as a private concern like it bloody well should be now anyway in ETC format. Its done its dash on the ASX, Imagine another stock split or rights issue, not amused boys really not amused!
Moooooooooooooooooo
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- notariety of sorts tomorrow
ETC
entertainment media & telecoms corporation limited
notariety of sorts tomorrow, page-8
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