yes that is correct. $0.0188 on 29 Nov. 8 months away. Some commentary here thought this reduced figure was not good enough but the same commentators originally thought a reduction was not possible at all. The company can only follow the rules set out in advance in the prospectus and allowable by ASX.
My point earlier was that a price of $0.0188 is a market cap of approx $14.5 million and it is not hard to imagine E2E has the capacity to get there and beyond within 8 months. People need to shake off the bitterness and stop thinking of their investment in terms of days. It’s not like the directors would want the nov 29 opps to expire unused. There’s $3.8 million there.
E2E Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held