Tuesday, January 12, 2021 8:20:38 AM
ELGL is a gem as accompanying the metals assets you have which appears to be a very significant media company as well as other interests like lithium mining and lithium battery production and interest in worldwide sports. The BOD and management is a who's who of top notch Hollywood names, and media and sports. Given all this I would be shocked if the BOD and management would risk their pristine reputations in a huge discounted bid of the Public shares which has been alluded to in previous posts.
What really bothers me is what happens on Feb 1 in the trading of ELGL (PRED for that matter too) - for beginning Feb 1 TD Ameritrade and Schwab join many others (Fidelity, Etrade, Morgan Stanley Merrill Lynch etc etc ) in prohibiting the purchases of Caveat Emptor labeled stocks. Since every day there are sellers imagine how quickly a .01 trade might occur with 95% of the world traders and investors only allowed to sell not to buy. Let us all hope that the management and BOD are cognizant of this and protect the public shareholders little equity that is left and rewards them with a generous at least fair participation in present and future asset valuations - meaning please don't entertain a "take under" - I find it hard to believe that with quality and reputations of most of the BOD if not all that they would even entertain such a notion.
Let us also hope that something significant changes the likelihood of even further stock price deterioration beginning Feb 1 - perhaps the new BOD of BRVO might indicate a nice possibility.
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