Ann: Quarterly Activities and Cashflow Report , page-9

i think there is a corporate predator on our register that is determined to destroy the share price in a very subtle way so as to discourage independant investors and to setup a very cheap placement for themselves.

This is the precursor to more aggressive behaviour at board level later and then ultimately a very cheap takeover to everyone else's detriment.

ELM is being eaten alive from the inside out and it beggers belief that we can and have been able to see it for over a year now yet the board can't see it.