I can't comment on potential write downs, but I can comment on my email banter with kris, he was very positive and quite bullish in his tones, he explained that he can't help the current share price but he is confident in the medium to long term and basically hold tight and that the company is poised for continued growth. I mentioned about my concerns over the lack of announcements and communication by ensogo, he agreed that's it's been a weakness and that things will change in 2015.
I jokeinly mentioned about about my holdings and ave buy price, which I thought was pretty large. My average just fyi is 16.5 cents. He replied with I wouldn't have invested 6.6 million shares at 45 cents if he didn't believe in the company.
This comment reiterated why I bought in. I can't see any more capital raises and it appears as though they have a combined platform that will bring the costs of the company down. There are redundancies because the company and e commerce is now at the level where it can grow, but importantly contain expenditure and be profitable.
bring on a Xmas rally and a great 2015 for ensogo and also the sp of e88.
E88 Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held