It looks cheap enough that they paid $US 1.5 million for a company with annual sales of $US 4.0 million ... a low P/S ratio ...
... but what's the other $ 1.5 million for ? ... they raised $ 3.0 million ...
We're getting " diluted " by these stock issues ... but on the other hand , institutions seem very happy to take a position in Ellex ...
... I reckon we can have a Merry Christmas , and look forward with optimism into the New Year ...
ellex acquisition company inc, page-10
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Mkt cap ! $51.48M | |||
| Open | High | Low | Value | Volume |
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| 23.0¢ | 92120 | 2 |
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