Peter power joined the board as ELKs chairman on...

Peter power joined the board as ELKs chairman on 14/08/2006....ELK had cash in the bank at the time of $8.2mil.......since that time ELK has made $10mil of net revenue...approx $7mil clear,after production costs .....So since Peter took over (2 yrs 9months ago) ELK has burned $15mil (excluding production costs).....
The equivalent of 30cps.(before recent capital raising)
............so after spending 30cps we have a company that is only valued at 1/3rd of the amount spent...bearing in mind that ELK already owned Greive and SDS before this time!!.....