EXL 20.0% 0.4¢ elixinol wellness limited

The revenue figures are quite deceptive. Check the costs!...

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    The revenue figures are quite deceptive. Check the costs! Elixinol used cash to "buy" revenue and make a loss of over 3m last quarter. In fact, last year they probably burned around 100m on several adventures. You look at the revenue figures and would probably expect the market cap to be 5x of what it is now. But the costs just pull the rug under their feet!

    What I hope is there will be an irrational speculative rally on share price to the tune of 150% from the bottom and the revenue jumped over 25% for the current quarter which will allow them to raise money at a decent level to secure its future. Then we will have a more decent and more stable share price. Of course, it's purely a hope.
 
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