ESN 0.00% 1.6¢ entellect limited

Ozzy2662, I am not an expert in this, so hopefully Borris… can...

  1. 3,857 Posts.
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    Ozzy2662,
    I am not an expert in this, so hopefully Borris… can give answers, although I think Odyssey99 might be more clued in on this.

    Someone will correct me if I am wrong or have misread things.

    It appears there are 45 more convertible notes @ .001c with free options attached @ .001c Assuming 25,000,000 shares per note and 25, 000,000 options (I hope I have misread this) that’s a lot of shares.

    The substantial holder Meadmore (Dentos) was a director of MMZ, I don’t know if he quit, jumped or was pushed. He (Dentos) has a large holding in both MMZ and ESN.
    Maybe you should look at the MMZ thread.

    I am still undecided about ESN as an longer term investment, as previously noted my concern is not with ESN’s potential (huge) or business model, I am concerned about who is pulling the strings? The question of “mates rates” needs to be answered because if I remember correctly they are also paying someone 15% interest.

 
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