Closed on the daily high, but still in the channel, although at the upper end.
With the platform that Ensogo has created, the synergies, and most importantly the user base and suppliers, a MC of $50m seems a little low to me. Although it is really hard to value E88 at the moment.
The story needs telling, and these interested parties need to show there hand. They are obviously not going to go hostile with the strength in the top 20 holders.
I'd be happy with a slow climb to the 25c region.
E88 Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held