OTCQX:ELYGF - Post by User
Post by
energeeon Jan 31, 2020 1:19pm
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Post# 30626402
Best Leverage?
Best Leverage?
WM ($540MM Mcap) or ELY ($66MM Mcap)?
I like what they are doing but need to see better line of sight to royalty revenues. They sell acquired third-party shares now and then to fund this.
ELY has a large G&A burn (reported $244K in Q3 2019 alone for travel and promotion ($493K for 9 mos); reported $1493/day combined cash comp. for the Pres and CFO for 9 mos 2019) and minimal royalty revenues to date.