What happened to $5 ramstan?
I'm completely out of this one having sold before and after what now in retrospect was obviously the high. My entry was 0.23 though. I kept watching the interview with the ceo and something in my ' gut' said get out. That and if you go back to the fleet management win in south Africa announcement 300 unit sales were not going to have a material impact on the business or words to that effect. They need huge contract wins.
From memory there was suggestions that internal revenue could fund the business. Im no accountant but read the quarterly and research what engineering types get paid.
Also I researched a few companies like this one
http://solitonsystems.com
I can't see or maybe do not understand ELS's technical advantage over the competition which have been around for some time.
I hope this is a genuine growth company for long term holders.
Please check yourself but from memory denlin nominees pty ltd is out. Sharp cats i see from other moves i saw in previous holdings.
The above is only my opinion and im just being honest as I was very bullish and held a fair few.
