ELE 0.00% 0.5¢ elmore ltd

Ann: Sales Update, page-35

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  1. 255 Posts.
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    Well they raised $5million not that long ago by issuing shares at 2.5cents. And they are allowed to issue either 10 or 15% new shares each year without even needing shareholder permission so saying they are never going to do it again is a very bold statement. I myself am quite confident they will raise again, if not now than sometime in the future. The money isn't coming in quickly enough to fund rapid expansion without it.
 
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