Ann: Fundraising Announcement , page-14

However, in order to satisfy the proposed delivery schedule, CFCL had already initiated a manufacturing programme and purchased key long lead components and other inventory items.

It's obvious that Synergy International was linked and backed by the Tameo Grupp, one of the biggest electrical materials wholesalers in Estonia. That's who management would have been talking to for some time before Synergy International came into existence.

Here is an except from the original ASX release in regard to the SI deal;

Frank Obernitz, Managing Director of Ceramic Fuel Cells GmbH in Germany, said: “I am delighted that CFU has partnered with SI in the highly promising markets of the Baltic States and Scandinavia. We have been especially impressed by their well established network of major industry and policy stakeholders."

These would have been Tameo Grupp connections.

You guys make it sound as though CFU management got duped by some low-life eastern European criminals working out the back of a van.

The deal fell apart when Synergy International's 'backers' failed to capitalise the company and hold up their end of the deal, so yes...

God damn Synergy International (and their backers)...