Echo Energy Share Discussion Threads

[gary38] 18/4/2023 08:06

You and Terminator101 must be racking it in on your short trades,glad someone is .

[helpfull] 18/4/2023 07:58

"Everything’s down"

Not quite everything.

When there is only £100,000 of cash remaining, even after taking a $1,000,000 payment up front, you'd think a severe salary sacrifice would be in order.

Not these bozos. They want their pound of flesh in their bank accounts. I wonder if any bonuses have been paid?

Is Parsons the Chairman? Didn't Marco Fumagalli jump ship recently?

Any cash injection will rescue the remuneration and payoffs of the BOD.

And absolutely devastate the value of shareholder investments.

The conversion of debt to shares by LO et al, and subsequent selling, now appears very astute. Even at lower and lower prices. It will continue.

The mug punter has been warned many times.

Expect a fresh batch to appear.

Be careful.

[terminator101] 18/4/2023 07:11

Horror show.

Everything’s down. And not just a little, but very significantly. More worryingly there’s knack all cash left, and they are in talks for someone to inject cash. Do you think they will do that out of the goodness of their heart, or require equity at a very significant discount?

“As at 17 April 2023, the Company's UK cash balances are less than £0.1m“

[peterdonovan] 31/3/2023 22:28

Do you run the boiler rooms ? As you say the same thing on a lot of shares you comment on lol

[peterdonovan] 30/3/2023 22:54

Same Gary, 30 million and counting lol I can wait.

[gary38] 30/3/2023 11:29

I have a big holding here which l am down 90%,eye watering but have no choice but to hold out here for maybe 1 or 2 years ,hopefully to get my investment back with a big of inflation on top

[gary38] 28/3/2023 17:30

Terminator is one off the few making money here through his short selling positions,maybe also Helpful.

[peterdonovan] 28/3/2023 16:14

Why are still here then lol move on

[terminator101] 28/3/2023 15:51

Excellent thanks. Especially as this overvalued lifestyle pish just keeps on giving.

[peterdonovan] 28/3/2023 14:04

Like I said I'm fine to wait, how are you doing

[terminator101] 28/3/2023 12:30

How's that "I'll wait for recovery" strategy working out for you ?

[oscar_pistorius] 25/3/2023 17:42

I'm wasn't sure which is the shi77est share of 2022; this or SYME.This wins by a country mile.YTD: SYME wins though. But 45% down is nothing to be proud of. This definately joins my fantasy shares challenge: mug punters edition.You basically pick 5 shares you would never invest in and see how they get on in 12m time. The one with the largest drop is championed.My picks are ECHO, SYME, ECR, UFO and I threw the token Spac(ker) in there for FPP.

[peterdonovan] 22/3/2023 12:45

Hopefully just another 9 months of Lombard selling if they decide to sell down all their holdings selling approx 2% a month currently,I can wait for the recovery.

[helpfull] 22/3/2023 08:54

More shares sold.

Between 08.03.2023 and 20.03.2023 Lombard sold another 60,000,000, or so, shares.

On 08.03.2023 the share price was 0.085p.

On 20.03.2023 the share price was 0.0625p.

Who is going to win the battle, Lombard or the mug punter?

Lombard has another 1,049,053,877 shares it can sell. There are billions of other shares that were swapped for debt also.

Be careful.

[richpassi] 17/3/2023 21:19

I'm shocked ! Oh hold on No I'm not ;)

[terminator101] 17/3/2023 14:51

Whoosh huh.

[richpassi] 10/3/2023 15:17

Sorry my message could be misread I don't want anyone getting sucked into this piece of ........

[richpassi] 10/3/2023 13:23

Can't believe this is dropping back from the 36% rise on Wednesday........oh hold it's Echo .....yes I can ! Hope few got sucked in.

[helpfull] 10/3/2023 07:46

There are two methods to get the mug punter to invest.

The first is to dump millions upon millions of shares and the share price crashes and the mug punter is attracted by low prices. Thinking there is a bargain to be had.

The second is to raise prices for no apparent reason. The mug punter sees the price rise and is attracted by the fear of missing out. Thinks something is happening (at last) behind the scenes. And there is a bargain to be had.

Both methods are used to remove cash from the pockets of the mug punter and sell the shares. It is, after all, a market. The mug punter is likely to hold the shares and lose more cash by averaging down.

Be aware that there were over 3 billion share issued at Echo in exchange for some of the debt. Those shares are being sold. Lombard sold about 65,000,000 in the last 3 weeks. They have 1,000,000,000+ they are likely to sell. But there are other (billions of) shares.

Echo Energy still have millions of pounds of debt. The share price is likely to resume its fall under the weight of shares for sale. The mug punter is the only game in town.

Be careful.

[terminator101] 09/3/2023 19:27

So yesterdays pump and dump was a ruse for Lombard to offload onto the gerbils yet again huh.

[helpfull] 09/3/2023 07:38

There are 3 billion shares to be offloaded.

If you build it up, the mug punter will arrive.

I saw a documentary on American baseball, with Kevin Costner, where they did that.

Works every time.

Be careful.

[steelwatch] 08/3/2023 23:41

Wrong company Babbler. This is ECHO, not ECO.