esi being backed confidently by their csi, page-65

NP - firstly cudos to you for speaking out as a holder and raising concerns in a mature manner.

I TU'ed a post yesterday, but didn't register, strange considering it was a well written post.

BW - I'm beginning to feel you may be right re this alluded P&D.

Looking back at the price history, seems that the SP spiked on it's intraday 0.039 high shortly after the results of the EGM where the $4 mill was voted in.

It had also had a run-up based on the Monash introduction previously as well.

Then after the initial 5 day period where it was said by ESI management that the $4 mill funds would be deposited was missed, the SP has started to retrace....and has basically continued to do so through the "it should be within 2 weeks" ann and now with 1 day to go, still no $4 mill.

This will be 3 months after the EGM (a timeframe set by ASX, not ESI) and we now have ESI taking up a "fast finance" loan for $1 mill and Monash "proposing" to take up 300 mill ESI at 2c, but requiring another EGM to vote on and some form of convertible loan.

I believe now that if the $4 mill was going to come by 26/7, then ESI would not be pursuing the $1 mill loan - simple as that.

Unfortunately, after all this time of saying it's a done deal, I don't think ESI will see the $4 mill tomorrow.

Review the below:

http://www.youtube.com/watch?v=cDpPlrHgquM

There are some striking similarities here to ESI's recent history.

1) SP spikes on news.
2) SP spikes on large volume - 100+ million
3) RDU ceases to post who was a strong advicate for ESI.
4) Denial from SH's.
5) Now SH's fighting each other.

...and all the while, those that are honestly endeavouring to give an unbalanced and non-emmotive view, raising Q's and queries that should be easily answered are being shouted down as nothing more than blatant downrampers here to cause trouble.

I'm not here to gloat people. I want everyone to be a winner and I sincerely hope that Monash come through with the goods and make Coldry and Matmor a success...but there is no denying the P&D style charting.

Hopefully, as the dude in the video says, ESI turns it around and come good.

All the best K