Hi! Guys, I sent the email to Ashley because Adam is away until Jan 2013. I inquired about what is going on with Monash's Money. At AGM company mentioned the monash's money will receive shortly but until today nothing yet. Here is his reply.
Thank you for your email and support as one of our shareholders.
As noted by the Chairman in his address at our most recent AGM, Monash Capital Group provided us with a letter seeking to open discussion on several items relating to their investment, some of which could be material, requiring due consideration by the Board and discussion with Monash.
These discussions are underway, but not complete. They must be completed before we are able to finalise the first tranche of the arrangements with Monash. As this situation develops, we will keep the market updated.
regards,
Ashley Moore Chief Operating Officer Executive Director +61-438-096757
ESI Price at posting:
1.2¢ Sentiment: LT Buy Disclosure: Held
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