Post by
LongTbuffet on Aug 29, 2019 8:31am
EL is one to Watch closely.
They are obviously lining up for a sale or major leap forward. The approval gives them good cash / eliminating debt and focusing on massive growth. The bid is stacking up at 6.5 cents for a good support. Lots of potential volume on the sidelines. Lots of news coming in the next 2 weeks.
Comment by
famar on Aug 30, 2019 2:13am
I believe they had two choices. A sale or raise cash, sale didn't happen so cash was raised. Since they have the cash and revenues seem coming in, I don't see sale happening. May be Google could do a buyout just for the technology and fold the company. Yet again it's not a mining or a weed company so nothing too attractive to play with....JMHO fmb