Tom, that was a good post, thanks mate, especially for the feedback on the app having the USA listed.
It seems like there may be some future here yet - we can only hope.
They may need to raise capital this year.
Let's hope the good people of the USA start ordering online, but there is a lot of competition in the USA, and some very well entrenched businesses, so it will be an uphill battle, but not impossible. The speed of uptake may be the key.
It's been a terrible journey so far, and quite honestly, the board and management do not deserve performance shares, simply on the basis that there hasn't been any performance yet.
Most investors now are living on hope, there is not much else we can do. Watch and wait and pray (if you are that way inclined).
I do actually wish the best of luck and success with trying new ideas, at least they haven't given up, which is something in their favour. E88 also probably has too many directors and management staff, slimming down here could also be a help, because with the demise of the flash business it probably doesn't need them all now, and looks a bit top heavy to me.
I'm sure they are thinking of other ways to leverage the current business and move forward, so it will be interesting to see what transpires in the next 6 months. It needs all the creative thinking and luck it can get.
Gw
E88 Price at posting:
$1.65 Sentiment: None Disclosure: Held