EGL 0.00% 26.5¢ environmental group limited (the)

Great assessment of the current position Bellcurve and yes you...

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  1. 89 Posts.
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    Great assessment of the current position Bellcurve and yes you are correct YStrategy, share price stagnation is a result of original vendors holding too much stock resulting in poor liquidity.
    This entity has only just hit my radar as it was presented as a "trading shell".
    Directors have been enjoying an 8.5% return on their loan, whilst maintaining sufficient cash in the bank earning 0.01% to ensure they get repaid.
    Concern has obviously risen as they have decided to repay the loan. 500k by 30 November and then the balance of $1m in 48 instalments. Ironically it doesn't say whether they are daily, weekly or monthly instalments. Doubt it will be over 4 years.
    Director's fees are 608k with a further 370k for KMPs. Not a bad gig if you can get it without performing.
    With Net Tangible Assets of about $1m and ongoing losses, be grateful the market cap is still at $4m.
    Lack of liquidity has helped keep the share price from collapsing even further.
    I agree Bellcurve, best to turn it back Private, but may as well wait until you can get it for nothing.
 
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Last
26.5¢
Change
0.000(0.00%)
Mkt cap ! $133.1M
Open High Low Value Volume
27.0¢ 27.0¢ 26.5¢ $60.92K 227.6K

Buyers (Bids)

No. Vol. Price($)
4 193393 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 117697 4
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Last trade - 15.59pm 21/11/2024 (20 minute delay) ?
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