Maybe they could buy a Graphite or Lithium project (ha ha, ho ho)
That is, if they have anything left after settling all of the subsidiary claims, and probably a few court cases.
So how many directors are left ? Probably too many now !
And who will become the brave new CEO ?
I can see this staying in a trading halt for 6 months or longer.
If they have a few cents remaining, they will need to come up with a strategy to disassociate themselves from Ensogo, like a new name, new industry and business etc. etc.
It's gonna be a long haul. Lots of questions, not many answers.
But there are opportunities out there, and who knows, they could accidentally come across the killer acquisition. Yep, ya gotta remain the eternal optimistic in this business. Sometimes it's fun, sometimes it's depressing. Now who stole my valium ?
Gw
E88 Price at posting:
65.0¢ Sentiment: None Disclosure: Held