I still don't think ensogo needed the extra capital, but no one is going to knock back 10 million and at a good premium to the recent SP. Prudent management I would have thought. A bit of profit taking in the afternoon, but let's hope 17 cents provides some support. You can never have to much cash on the books and atleast it give ensogo some different options. Ie) acquisition, marketing or just more streamlining operations.
Today's annoucement although dilutive is still a big positive and shows just how much interest and support there is for ensogo. Even if it is in Asia, probably proves where all the money is.
Need to break 20 cents, let's hope we get a big shark tomorrow.
E88 Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held