options expiring/ extension, page-79

EXTENSION on options no but a re issue yes.

At present have 257 million pro votes from shareholders namely those that have options.

Holders that do not have options have you considered that India could well be 12 months away before a commitement of funds is made to ECT an MOU or promises of ongoing negotiations mean very little in todays market.

Delay in ALDP beyond Jan 2014 is a possibilty.

A resolution for re issue at the next AGM most likely mid November. The numbers are sufficient to present the request to ECT.


Option re issue offers shareholders and ECT the opportunity of an additional 16 million dollars ONCE conversion occurs.

This real money could be used as security for a demo plant to be built in India by ECT as funding from banks would be attained as you would have 50% of required funds derived from option conversion and a minor capital raising that the top 40 again would be supporting the company. Assuming a deal is signed in India.

A greater SPV holding in India by ECT represents real returns to shareholders.

A demo plant in India should be far cheaper than Victoria.

If you are concerned about dilution major option holders are in the top 40 who tend to invest in the company long term,and provide a stable base for future capital raisings.

If you are a holder without options and would like to support the resolution please email to
[email protected]

all imo please do own research.