ELS 4.88% 43.0¢ elsight limited

Elsight - a junk stock? ELS profitable...ever?, page-3

  1. 2,659 Posts.
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    It's probably best to dump the stock because it is clear you do not read or even browse through the announcements, and therefore not in a position to make some valued judgement about the companies operations and or expenditure.

    from the September Quarterly

    As of 30 September 2019, Elsight had a cash balance of USD$1.66million.To further support the product manufacture and other working capital needs until revenues from Halo are received, the Company is in advanced discussions with a number of Australia debt funding groups and will keep the market updated in accordance with its continuous disclosure obligations.


    We can't say the debt funding will be a success, but where is your indication of future capital raising coming from?
 
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