uppers & downers, page-5

With the many variables that come with an ‘unproven’ tech (to date on a white paper) for potential funding partners to commit fully, would at this point of time be impossible to second guess the absolute outcome of the pre agm announcement/s.

The product’s (Coldry&Matmor) potential technical value is plain to see although IMO is relatively a minor part of the formula for a successful business venture. Cash flow and business/industry/govt relationships + other factors are imperative to success not to mention all that you have stated and more (BR). I do think we are in a good position but could be a lot better with timing hence I suspect a few unknown issues need to be dealt with asap.

The Govt is a very important factor (Rupe) and may fast track or impede ESI's progress. This application needs to be very comprehensive and all holes filled! I would have liked to proof read this before submission.

Unfortunately, ESI board members appear to be unable to keep investors informed of funding progress (In understanding the legalities and sensitivity of such negotiations) causing irrelevant chatter and should also be De-watered Rupe as per another thread :) Keep the comical side going.

Gazza