ESN 0.00% 1.6¢ entellect limited

I don't really have any new observations at the moment other...

  1. 688 Posts.
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    I don't really have any new observations at the moment other than what I've already said:

    1. Cash will run out again in a couple of months unless we get a significant revenue boost.  At the time of last raising I mentioned that it was once again only enough cash for one quarter
    2. I honestly don't think sponsorship of this gala at the PTA event is anything to jump up and down about.  It's $20k spent with a small chance of earning that back through the publicity (they need to get 400 annual subscriptions out of this to break even on that cost)
    3. The shining star is the potential deal with Malaysia.  Getting into a position where they are part of the school curriculum in any country would be validation of the product
    For me the day to day movements in price between 0.001 and 0.002 are not even worth analysing.  There is so little changing hands in dollar terms.  I don't really like speculating on people's motivations for trades such as the big sell.  Arguing whether it was a manipulator or a genuine run for the exits sale is futile because no one will be able to prove anything and it is purely conjecture.  Both arguments have merit.  Only thing that might be of interest is to see whether it was a .002 seller dropping down or whether it came from nowhere. If I had to give an opinion I would guess at it being a genuine seller dumping because they've had enough (god knows I've come close but pride is preventing me from clicking sell!), but I won't get into an argument about it as there is nothing to prove or disprove my opinion.
 
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