Ann: Appendix 3B , page-77

rjaadave and bogswell,

posts lately have not been of as much use as in the past, at the moment it is a guessing game and we need an ann from the company before we can make more analysis.

At this stage, and this is all IMO. We need the tincom deal to progress, the whole market IMO is waiting for this. ESI is not making money at the moment and won't be till 2014 or later. Money is an issue and the latest cr completed with la jolla won't last that long and if they are not happy with the way esi is proceeding then they will take their profit and be gone. This means IMO we have a couple of months maximum, the tincom deal has been continously delayed and we wait for full steam ahead(IMO we should have been at this stage a year ago or more). Until this happens I would wait, obviously you will miss some gains, but will have opportunity to get in still at a good price IMO.

IMO esi management still have a question mark, but this will be decided shortly.

There are some good posters here but lack of progress doesn't give much to talk about. I would look at all of amazed's previous posts, he used to post a lot but at the moment there is not a lot to post about. You can find heaps of good information from some posters about the technology but now it is upto management.

Fozhard made a couple of good posts about the last cr, it is getting harder for esi to raise money however tincom can change all that in a hurry.

I'm no expert but have followed esi for about 5 years ( first purchase at 27 cents). Shame rupert downunder doesn't post anymore, you would have loved his posts. There are of course other posters that I haven't mentioned that have posts well worth reading.

Bogswell, in short with coldry and matmor(need to find out a bit more about this because this has as much potential as coldry if not more) esi could have a mc over a billion. The potential is there. I've rambled a bit so I apologise.