InsanityDidn’t Einstein state “doing the same thing over and over and expecting a different result is the definition of insanity”? Well the masterminds at Enterprise have been stating for years that they feel the stock price on a book value basis is grossly undervalued; apparently, they are alone with that opinion. Also, Enterprise pays the fine folks at Baystreet (have close look at the equipment on the latest release I believe it is tunnelling equipment… wasn’t the tunnelling operation sold) to draft news release after news release attempting to pump up the company stock price; approximately every two months we are told that the future is bright, the potential for ALL equipment to be rented is a strong possibility.
Investors have been told that Enterprise are innovators developing STARCHAIN a proprietary asset tracking software that will dramatically reduce costs. Well folks look at the decline in margins over the past two years, Q2 ‘18 had a negative 40% gross margin…face reality it is getting worse at Enterprise, they maintained higher margins during the peak of the recession. Enterprise had announced some very lucrative rental contracts for 2018. Will we ever be told the status of these contracts? Remember the “success fee” senior management paid themselves for the sale of Calgary Tunnelling, based on Q2 results shouldn’t they be presented an invoice from shareholders?