Why? The company's current market cap is $65 mil, they've reported a pretty soft Q2 revenue (sure they're saying $3 million for the year, but that will require a massive bump in revenues for Q3 and Q4 for the CY: 500K for H1 to 2.5M for H2!), expenses scale reasonably in line with revenue (we'll see what the 4C shows I guess), and they've signed an agreement to become the distributor (really?) of someone else's (according to LinkedIn DipIo seem to have 3 employees?? And the CEO and CTO of ELS hold 40% of the shares in DipIo???) product.
I reckon it will slide from here unless the 4C looks the goods. Weird stuff.
NIA. GLTAH and NH. DYOR.
ELS Price at posting:
64.0¢ Sentiment: Sell Disclosure: Not Held
