ELS 5.49% 48.0¢ elsight limited

escrow

  1. 648 Posts.
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    yes there has been some tax EOF selling and yes the escrow has not been dealt with it would appear just yet and lets be clear that of the give or take 49 mio released the largest part of that is held by board/management leaving 25-30% of that to be placed into a few smart hands with a slightly longer term view. Some of that escrow being from seed has already been sold last week and the largest parcel will hopefully be dealt with in the coming week or two... the original seed investor who is not going to pretend that going to market at these lvls is his best interest but willing to wait and have it dealt with in the best interest of the company, shareholders and obviously himself. So apart from predicting the end of the world because of escrow release it is just unfortunate timing being all around the Halo release .... this and is a new product that is not replacing the exist business and sales but just opening the doors to so many larger contracts with multinational companies with the potential for 100's of thousands on units to be sold ... the next 6 to 12 months on new contract and revenue side should give us a clear path to what this company will look like in 2 or 3 years from now
 
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
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