ELE 0.00% 0.5¢ elmore ltd

NSL: Review of '16 and preview of '17, page-16

  1. 1,039 Posts.
    lightbulb Created with Sketch. 387
    Thanks Kenny, Tim and Cashy!

    I have certainly read those announcements and understood the above but I did/do still have some concerns. I completely appreciate that this might seem like "tin foil hat" territory but it is perhaps how my mind works.

    I just sometimes get worried by the history of the company and their false starts to date, with previous issues 5 years ago and the recent inability of the company to continue to sell phase one product (I know the reasons given). But then when you consider the failure to deliver positive cash flow on time, the conspiracy theorist in me suggest that these blokes keep leading the market on only to never really deliver. Then with the recent loan, which I am shocked by, I think that this is just a scam to keep feathering their own nests, alongside their enormous salaries.

    Then I read your comments and your complete faith in the company and ask what I'm missing. I still hold with a reasonable holding and am prepared to give them some more time but something inside me keeps screaming scam! There are always two ways of looking at things, the official version and the alternate viewpoint, and as negative as that may be, it's where my mind goes!
 
watchlist Created with Sketch. Add ELE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.