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Extremely concerning, to take what they can and bolt! I can...

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Ridethewave

84 Posts.

09/06/16

21:11

Post #: 18000554
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Originally posted by Gwaihir ↑

This is going to be interesting.

Will it sink to the RBC sell-down price of 50 cents ?

At what price will it do a capital raising ?

The chart is heading very rapidly in the wrong direction, and I presume down to the 50 cent level, where it will probably stop for a while, depending on the next quarterly or half yearly report.

Things don't look good when you have an event like a major institutional holder bailing out for whatever they can get, which happened to be less than half the share price at the time of sell-down. I would call that a "desperate" act !!!

The question now is - how will the E88 management and board respond ? Do they have any tricks up their sleeves ?

The open global marketplace is plan B - will it work ? I sincerely hope so, but unfortunately it's going to take some time to find that out.

Will this stock sink like a stone, with administration becoming imminent,
OR
will it struggle on courageously for a while longer,
OR
will it make the biggest comeback since Lazarus, when Jesus played full-back for Jerusalem ?

Only time will tell.

Gw

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Extremely concerning, to take what they can and bolt! I can definately see this sliding to 50c!

GLTA

E88 Price at posting: 83.0¢ Sentiment: Sell Disclosure: Held
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