Find8,
don't get distressed as ETC offers a tremendous opportunity to buy a stock at a bargain price. I also see mining stocks with reasonable drill results (in the exploration phase) up 200-400% in a matter of weeks.
If ETC delivers as they've advised, it won't be too long before the stock is re-rated.
I was really impressed the company had the balls to revoke the earlier management options and re-issue at far more aggressive strike prices - they got it wrong but were prepared to listen to the analysts and shareholders and do something about it. The change of name to reflect the company's core line of business is further evidence this company has a strategic vision. ETC is yesterday's name and brings back memories of the old disastrous VOD days. This is a completely different beast.
Agree that buyers are probably sitting on the fence awaiting the annual results and further announcements. And then woosh, up she goes. Expect a dividend - possibly as much as 2-3c.
ETC
entertainment media & telecoms corporation limited