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Bullboard - Stock Discussion Forum Engagement Labs ELBSF

Technology Software - Application
Engagement Labs Inc operates in the segment of intelligent data, analytics, and insights for marketers and organizations to track, measure and benchmark the conversations happening around their brand or industry, both online and offline. Its Solutions include TotalSocial, which is a data and analytics platform that provides brands with unique insights, improved marketing ROI, and strategies to... see more

OTCPK:ELBSF - Post Discussion

Engagement Labs > Trading halt this morning
View:
Post by murray1961 on Jul 24, 2018 8:44am

Trading halt this morning

https://ca.finance.yahoo.com/news/iiroc-trading-halt-el-122800544.html
Comment by HouseSpeaker007 on Jul 24, 2018 9:04am
.12 cents here we come!
Comment by SocialTechie69 on Jul 24, 2018 11:21am
I really hope for awesome / positive news !!! ST69
Comment by SocialTechie69 on Jul 24, 2018 11:50am
The suspense is so exciting !  Partnership / Buyout / huge q2 numbers ??? ST69
Comment by ThePharoah on Jul 24, 2018 2:15pm
hahaha none of the above... They screwed us. Raising cash at a bottom. I don't get it. Must be really desperate, or perhaps doing it before announcing a major customer not renewing. Like you, I was expecting a new customer announcement. This really sucks.
Comment by Malex1 on Jul 24, 2018 2:36pm
So they sold 40 million shares for .05? I’m trying to wrap my head around this anyone care to explain it.
Comment by billy4325 on Aug 06, 2018 1:44pm
They had $1.4mil in cash at the end of March, their loss for the three months ending Mar was $1.4mil (decrease in cash was $1.2mil for those 3 months), thus one would expect that they would be out of cash by around June.  Not at all surprising that they need to raise cash by now.
Engagement Labs