Has ELS just taken us for a Ride?, page-60

@Bagburglar, second try, last one got "moderated" for reasons unknown to me.

As I wrote before, despite your best efforts Mahe has nothing to do with the price going up in the future. It will be driven by news flow. The stock trading below the placing price on the other hand - instead of in the 50s like last week - is very much your friend's responsibility. He sold the maximum amount of new shares to be awarded the maximum number of ESLOA for his Super....

My base assumption is 10 mio USD of revenues next year and your man in Perth will be responsible for zero; nor will be the resulting price appreciation. He will free ride his options on the back of the Board's lack of due care and attention to the principles of being fair to all shareholders (does this get me around the moderator?) and hence exposed us to this folly. People who have been around have just had their pockets pinched to the tune of 6% - mathematical fact.