Hopefully we'll see in the coming days the founder's options have been taken out which would improve Elsight's cash position and provide them with more working capital.
If all the options have been converted, by my calcs this would give them an extra ~AUD$3.4 million in cash. If they get a few sales on the board with the Walmart/Droneup rollout, this would end of their need to do any further raises (which I believe has been weighing on the price recently)
Could also be that big seller at 50c which appeared last week (now gone)
Would be exciting times if they have a clean slate with cash and no option overhang.
ELS Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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