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09/12/14
20:39
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Originally posted by West Coast
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James888, I would really appreciate if you could explain these cross trades to me, seen them many times but am not sure how they are completed.
I asume it is an offmarket trade agreed to by two parties, if so this may help get rid of some of the volume someone is desperate to offload so relentlessly. When will it end, it not based on FA at this SP.
Finaly bit the bullet and and accumulated today, not sure if this is the bottom but I see extreme value. E88 worth $43million market cap, Should generate $180million in sales at least next year, thats $15million in sales per month based on October and Novembers fiqures.
Show me one company on the ASX were the revenue descrepency is so lop sided in favour of the revenue at $180million and the market cap $43million with no dept and cash in the bank.
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Sorry, I should say total sales not revenue. Revenue is what they would have left after expenses which as we know is negative but very likely to be positive some time in 2015.
Good luck long suffering holders.