Element Global Inc (ELGL)

[aMill]

It does have one strong thing in common with the May event and that is a very minority amount of share volume dragging the price back down. From July 2nd(when it broke .30$) till the 24th(touching the .50$ mark), over 1.4M shares were traded. Since then, only 212K shares have been traded to bring it back down. The build was 7X the trade volume that the settling has had here. At every major stage of stock appreciation there will always be a backlash from the individuals who want to take profits off the table. The positive thing to see with both events is that the higher-price purchased share volume is much larger than the lower-price sold volume.

And even then, this month will be one of the most active in the recent past and it still only represents 10% of the float being traded during the entire month. 90% of shares never even showed when the stock hit .50$. Wonder why? because those larger volumes are controlled by people who aren't speculating the low end trading going on this month. They are well aware of what is coming down the pipeline in the near future. And an offer of .50$ would be a joke to them.

The low volume dragging the price down might be the only thing that I think it has in common. This company has made consistent steps in their growth over the past 2 years, but this Q2 financials was a huge leap for them. Very rare that anyone will ever see a debt-free company increase their quarterly sales by 10X. I would love to have someone show me another example on this kind of scale without any debt financing it.

6 years is a long time and I understand that it has probably pushed you well past your limits of patience. But to hang on to this for those 6 years and walk -away now.... Would be very ill-advised. Its coming.