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?
Elsight - a junk stock? ELS profitable...ever?, page-3
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Last
43.0¢ |
Change
0.020(4.88%) |
Mkt cap ! $65.07M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 41.5¢ | $12.81K | 30.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24741 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 6349 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ELS (ASX) Chart |