Depends what you mean about Pala and management being in bed...

Depends what you mean about Pala and management being in bed together?

Pala have one ELM board member and have a say on the board like the other board members so in that respect, they work together on issues.

But at the last 2 shareholder meetings, a well respected ELM poster here made it very clear to the board (Pala was not present unfortunately)of Pala's well documented public infamous allegations and I stress allegations of Corporate thuggery.

In response to questions raised about whether Pala was responsible for the sell down in ELM's price, Iain Macpherson stated words to the effect: "We are well aware of Pala and their past and I am 99.9% certain that Pala is not responsible."

Also, there are larger shareholders than Pala on the register who are also well aware of Pala and have a massive vested interest in making sure full value is created in ELM.

I firmly believe the next 2 months are going to be the most critical for ELM. If we get funding it could start a massive new up trend, if not then our worst fears could eventuate.