what the ?, page-10

Market forces:

"Environmental Clean Technologies Limited (ASX:ESI) advises that it has issued 11,000,000 shares and 32,000,000 options to Fiori Pty Ltd (Fiori). The shares were issued at a price of 2 cents per share. The options (Options) are 2 free attaching
options for each share issued on the capital raising and may each be exercised at any time prior to 16 January 2014 for one fully paid ordinary share at an exercise price of 2 cents."

IMO, this coupled with the convertible notes are very clear warning signs. 11m shares at 2c? This could go into v/a.