What I have been saying about management has unfortunately been true. Left it far too late to start reducing staff numbers. I feel for the people let go with little notice but this had to happen, way overstaffed. Seems the joke I made about Management living it up at our expense was in fact true. What were they doing all year that the one Ensogo platform was not complete by now and the consolidation of staff did not start. For example Atlas iron a labour intensive business has 650 staff I read today verses E88's 780 before the cuts, WTF! More staff than icar and ipp.
Whats this crap about merchant payments being delayed? The $5.2 must have been overdue merchant payments.
Long term this could be a bargain but I would like to see some better management, maybe this is the start.
E88 Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held