Roadshow, page-27

Just attended the meeting in Sydney, pretty much what @RockstarJones @yysy @Lefevre reported were repeated so I won't repeat them. Thanks guys.

Some additional info:

1) Current cash in the bank $1.9m , burn rate 200k / quarter for 24 staff. That's cheap < 3k / person / month. Looking to double headcount to accelerate growth but income will exceed outflow so no CR as pointed out by other.

2) A large shareholder of Hikvision recently became ELS shareholder (I have yet to cross check the lists), might explain the recent run up since Hikvision announcement.

3) Recent Autonomous car testing in Israel involves 6 largest car companies, 2 out of 6  companies uses ELS tech. (and there was more info on that but I was distracted by an incoming call )


Nir, the CEO, is great. He looks to me like a tech guy rather than a saleperson.

more to update but I have to run to a meeting.

this is great company.