Two red flags are, firstly, the continued absence of the majority of current board members holding any stock. They're in it for their own, rather than our, interests. Secondly, Alta Fox joined the board, then immediately sold off a portion of their holdings before announcing to the market they won't sell any further. What I'd like to know is what did they see or learn to precipitate the sell-off? Why aren't we privy to that information? I've already held two stocks of companies that have gone into administration. Luckily on both, I jumped before they crashed and burned. EML is exhibiting exactly the same symptoms as they did.
EML Price at posting:
41.0¢ Sentiment: None Disclosure: Held
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