keep recycling old news and pie in the sky targets...I find it amazing that it has been almost exactly one month since ESE announced its bought deal financing and it still hasn't closed. Let's keep reminding each other about the big dream of a billion dollar market cap and acquisition pipeline one tenth that. What garbage. Maybe if we watch some stock promo video again or post the link again, we'll uncover some nugget previously missed.
Let's look at a few facts from their Q1 statements:
- going concern warning in Note 1
- revenue - $192,000
- loss of $1.1 million
- $934,000 cash used in operations
- cash on hand of $3 million
I am very curious to see details of the stock promotors, IR firms and other funds spent pumping the stock (saw the banner ads on SH for months).
No doubt ESE needs this financing to close. Not only do they need the money for their acquisition ambitions (which have yet to show anything substantive), they need it for compensation and promotional expenses. I've followed this since it was in the 30's. Who knows? Maybe this will find legs again. Yet, I think we'll soon be remembering when the share price had a number larger than zero in front of the cents.