You may be right Obes, red may just be the new green.
The following excert is a bit of a worry from a recent ECT financials report. Especially considering their future cashflow forecast has the Monash money as the basis for future cash coming into the Co and basically nothing else short term IMO.
"For the year ended 30 June 2012 the consolidated entity (group) had an operating loss before tax of $5,549,700, negative cash flow from operating activities of $4,289,487, and net current liabilities of $1,097,055. Furthermore, the consolidated entity does not have a source of revenue and is reliant on equity capital or loans from third parties to meet their operating costs. These conditions indicate a material uncertainty that may cast significant doubt about the consolidated entity’s ability to continue as a going concern."
A bit worrying don't you think. Read the last sentence of that excert again. Ouch!
That's why we need to see this timetable for Monash funding. Because the companies short term future is riding on it IMO.
SP3, with $250k invested I sincerely hope they come through very soon! I truly mean that.
Above all IMO and DYOR
Good luck B Rubes
ESI Price at posting:
1.3¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)