What a toss...nothing but bulldust ever comes out of these guys and this time is no exception....why not tell it as it is??....
"ELK is very disappointed to have to inform shareholders that even after we offered the company at firesale prices we were unable to secure enough shareholder interest to fill the SPP......in hindsight we realise what a mistake we have made as the fact shareholders were unwilling to support the shareprice on market (I wouldnt have been caught dead buying at those prices) should have been a clear indication they did not want to invest anymore of their money in this badly performing company!!!!...yet again we have failed shareholders, we would do the right thing and resign, except the money is to bleedin good!!! if the spp is not filled by the end of next week we will wait until after the upper sands prove successful and then issue the remaining shares to our friends, important people and ourselves"
Yours truly (laughing all the way to the bank).....A.R
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