Ann: Shareholder Update, page-75

Thanks Giddy

The question one has to ask is when will this ever end

ESI as a company now have significant amount of cash

So what happens when the Company get their next 10% 15% allocation under rule 7.1 to allocate without shareholder approval will we see the same again a further 170,000,000 gifted for the next pump and dump we go through

We don’t know if this 170,000,000 mil was payment for the last pump and dump

I would just loved to have been a fly on the wall when these two guys sat down and dreamt this idea up because the fast finance was obviously coming to an end there had to be another way to make an ( HONEST DOLLAR )

LOL

Below is the Ann on the option ex mandate

2)
Options Exercise Mandate
The Company has appointed Platinum Road to manage an options exercise program. Such a program is designed to provide a mechanism,
Under appropriate market conditions, for the proactive facilitation and
conversion of Options to deliver capital inflows in support of the
Company’s objectives.
Such appropriate market conditions may include the delivery of shareholder
value through advancing its technology development objectives in India.
The mandate provides the terms and conditions under which the program
may be executed and will be assessed on a regular basis,with the Company maintaining directional control over the terms to ensure market competitive services are delivered and shareholder value maximised
.
Platinum Road Managing Director Dr David Menzies said
“The Matmor acquisition is a significant accomplishment for ECT, instilling a level of confidence in the company’s approach to advancing the Coldry and Matmor technology platforms and we look forward to supporting their further commercialisation efforts

Please note the highlited section

WELL HELLO GLEN

The company are most definitely not in control of market competitiveness and shareholder value maximised YEAH RIGHT

it also says

The mandate provides the terms and conditions under which the program
may be executed and will be assessed on a regular basis

Well GLEN

This programme needs ASSESSING and ADDRESSING ASAP

Sholz you made mention this was the services previously rendered which is fine i fully understand that, but were we not meant to be going in a new direction now as in the least dilutive track

But the shares have just been issued so could someone please explain to me why Platinum road could not have been paid in Cash for their services im sure that at this date we would have been able to cover their cost

OH WAIT A MINUTE ( maybe not )

Because on the next pump and dump they provide our company will receive $2,550,000 and if they can secure a 1c profit ie pump this over 2.5c then it would be correct to say that they would clear $1.7mill profit

F*&*K we couldn’t afford that could we so this is how the option conversion works out to shareholders benefit

VERY GOOD I UNDERSTAND NOW

I don’t know if people fully understand what this issue has done
It has now given that company full control of our SP

REASONING

Prior to this allocation i made mention on more than one occasion that this so called option conversion programme could not function without obviously options, and they hhad little to no options in their ARSENAL

So as holders of the options we would hold the advantage we have what they
want, there for they would have to buy on market and hence the price of both As and Bs would rise accordingly and also push up the heads as they were bought up for conversion

BOY HOW WRONG WAS I

Because ladies and gentlemen their ARSENAL is now full to the brim

They now have control over both heads and oppis and it is an absolute disgrace i have said before that Fozard is one smart cookie but i think on this occasion he has gone overboard, and i sincerely hope that others see my point of view and at some stage this arrogance towards shareholders intelligence will be his demise

There is a difference between being smart and BEING SMART

I actually don’t know whether i would prefer a BERGEN or a LA JOLLA on board instead of this mob at least you know where you are with the likes of those lot, you issue shares they dump take profit you ride it out until you get on top

This Association is turning into a virus when will we ever be rid of it, we need a vaccine

AND WE NEED IT NOW

ADRESS THIS PROGRAMME NOW

Or the rinse and repeat will just keep on keeping on

in the mean time as shareholders we remain in the bent over position ready to take more up the A*S

I do wonder what Lloyd Thomson as our biggest shareholder thinks about all of this