A bit of history. ESI did the Fortrend thing from Sept 2007 into late 2008. Read the ESI agreement back then and the MNM one today - almost identical. Their model is still the same - Standby Subscription Agreement...10% ra ra
They are similar to LaJolla - they sell into spikes killing momentum...the overhang is always there playing on investors minds. Im surprised Fortrend is where MNM's funding is headed. It will likely be a backup measure BUT with all the Tata Elf etc backing and Exergen taking over management soon...surely there are better options?
ECT have (pending the $4m +) moved vastly up the food chain here with a quality CSI Monash/IMFA whom will HOLD the stock and GROW the business.
That is what a CSI does K - the ann's clearly state they will be our initial CSI...they (ann's indicate other groups will invest also which is what we want - spread the risk) are negotiating to build/commercialise the initial Coldry/Matmor plants.
Do you really think this a cut and run exercise? The potentially massive margins in "seed investing" these techs dwarfs the shortsighted profits of dumping their $4m stock imo.
tick tock...
ESI Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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