monash can't be keen on ect where is the money, page-15

TakeThat, read your announcements, not sure what your on about:

"In the event there are delays beyond 26 July 2012, Monash Capital has proposed a contingency program comprising the issuance of up to 300,000,000 Fully Paid Ordinary Shares (ESI) at $0.02, with 300,000,000 Options (ESIO). If the revised program is required and endorsed by the Board, funds would be provided to the Company as a Convertible Loan subject to Shareholder approval at an EGM."

That IS the funding. ROTFLMAO? If i am wrong please correct me ;)

As i said before, could be waiting up to 2014 for this money.. ..and before its even issued it need shareholder approval (which i am sure will be given).

i would be more interested to see what happens when we actually have shareholder approval and a more substantial paper trail in regards to this funding. Now if Monash come through thats good for ESI holders, but for now im cautious on the whole ESI/MONASH deal.. ..as i said in my post, expect more of a reaction from the market if the govt grant is approved, that will be a big plus for ESI..