ELK elk petroleum limited
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quarterly report - ridiculous

  1. sushi1
    6,389 Posts.
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    30/04/09
    18:48
    Post #: 5075778
    What in the world could have ELK spent over $1.2 million for "production" in the last quarter?

    With gross income at about half that level the company would have been better off shutting down and not being engaged in "production"

    To top it off it spent over $200,000 on administration as well.

    Ridiculous!!!
    ELK Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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