We picked up the stock today at .41 to average down shares recently purchased.
Talk about unloved, ignored and neglected, ELST.OB has and enterprise value of less than a few hundred thousand. EV/Sales <.~20, no dilution, with no debt and a solid balance sheet
Ben Graham stated
“It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity - provided that the buyer is informed and experienced and that he practices adequate diversification. For, if the price is low enough to create a substantial margin of safety, the security thereby meets our criterion of investment."
ELST in our opinion meets these criteria and if your investment horizon is over 12 months this stock looks attractive to us at these prices.