EXL 20.0% 0.4¢ elixinol wellness limited

Ann: H1 FY2020 Appendix 4D Preliminary Interim Report, page-9

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    Just the one’s hovering close to administration to see what potentially might be left for the bag holders when the music stops.

    It’s pretty standard procedure for any company that has been this close to death this many times in just the past year.

    You would also do well to pay very close attention to the last paragraph in “Note 1” on “Significant Accounting Policies” where they warn my 13 cents may even be generous in the case they toss in the balance sheet come (my estimate) early November if they deduce yet another CR would not be supported by the market.

    It’s musical chairs at this point. Do you really want to still be standing when the music stops?

    I would also argue if “formative years” is the appropriate term for a company that has consistently lost shareholder capital, and repeatedly asked the market for more for so long now.



 
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