green tech breakthrough or another aussie fizz, page-2

With regards to your link and the contents of the blog, I have posted the info below re the accuracy of some points , though it has not yet managed to get through the posters scrutinizing, but for the record.

From last years quarterly update (July 09)

During the quarter the Company entered into an agreement with ASX-listed litigation funding company IMF (Australia) Limited to recover lost investment funds. The Company is taking legal action to recover losses suffered when the Companys funds were invested in a range of structured financial products. Under the funding agreement, IMF (Australia) Limited will pay the costs of Ceramic Fuel Cells legal action, including all legal fees, in return for a success fee. The claim is being finalised by the Companys lawyers and is expected to be formally filed and served shortly.

Further in the Australian Business journal on 4th Feb mediation with regards to this case were reported to have started.

So comments re possible cost for CFCL in pursuing this case are or would appear to be incorrect.
As Brendan and his team continue to demonstrate the devil is in the detail.

Regards LMLOM