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Message: Re: A Simple Explanation

Mar 10, 2023 10:06AM

LO_blow. The bedwetters club is over on Yahoo. Bring your crayons.

and, ... Everybody's ears should perk up whenever one hears CONSOLIDATION.

This was a "reminder" of the mindset and path forward similar to FLUX. Consolidate shares, finance, build up balance sheet then list on Nasdaq with a shiny new company. Even if EFL can generate profit soon, it won't be enough for their grandiose plans going forward. 165mil shs O/S now would balloon well into the 200mil to raise any significant amount of cash. A dramatic re-structuring like this requires caution and concern of existing shareholders.

I think I mentioned recently how I miss the days of 60-70mil o/s shs. Too much dilution has taken place, however neccessary but it'd be nice to clean it up.  

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