ELS 2.38% 41.0¢ elsight limited

Has ELS just taken us for a Ride?

  1. 95 Posts.
    lightbulb Created with Sketch. 21
    The company raised 11 mio net.

    We - shareholders - paid 657'000 AUD

    The company granted them 11 mio ELSOA - let's be very conservative and assume they are worth 15 cts

    I make the value of the options 1.65 mio AUD

    Total cost to shareholders - 2.3 mio AUD to raise 11 mio - or expressed differently and 21% of proceeds raised.


    Am I wrongly thinking that we have just been had?
 
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