Precisely Ormond I have made the same point in many different...

Precisely Ormond

I have made the same point in many different stocks

The ASX is an online gaming site and the reason it's so attractive to gamblers is that there are so many low quality companies listed which have so many shares in issue that the liquidity attracts traders. Also, it is part of the mentality that it's far preferable to punt something that may make you rich overnight than it is to be quality companies with real earnings and prospects...a microcosm of the Australian sense of entitlement

At the moment, ELS sits in no-mans land. It has few shares in issue so it's not attractive to traders and it's market cap is low so it's out of bounds to many institutions

But this will change as it keeps kicking goals and, in the long run, i am certain shareholders here will outperform gamblers trying for instant wealth