the political creation of a false asx market ?, page-33

I always value your posts Rupert, said so many times in the past, and you prove me right again that your posts should never be dismissed.


There is also quite some cynicism within my train of thought surrounding ECT as I evidently assume that many baskets were filled before this little birdy was allowed to spread its wings.

The entire Arup fast financing period whilst negotiating with DPI was always border line eye brow raising, in my opinion.
Our latest board addition got a very nice basket with 120 mil shares for a very attractive price.

So when it comes to cynicism, I'm truly not unblemished by the notion.



I though believe that all this procedure was a fantastic spectacle to secure a massive investment return for those who accumulated during the Arup 3B issuance spree.

The way the shares were bought up prior to the 3B issues was always a good give away to measure what was going on behind the scenes.


But to move back a little, all specs run through these motions, it is how the ASX works and how they might, I emphasize might, in occasional cases are allowed to succeed.

In my humble opinion, ECT is in the position to succeed on several fronts, hence the high churn at low level prices for such prolonged periods.



As for the update we might receive tomorrow, I have two options I personally favour.

1,
After 120 days of negotiating and providing the window for confirming the private backing of the equivalent of the ALDP monies proposed, management sent its announcement proposal to the DPI for perusal and approval.

2,
Management bargained with the DPI to allow the exception to the rule and enforce a positive announcement from the ALDP progress to allow the options to rise prior to their expiry.
Evidently, the more options holders convert or extend, the less the underwriter will have to fill the gaps.


The notice that successful applicants were known is more than 3 weeks old by now.
We might be at the of negotiations between ECT and DPI to find a wording for the update we should receive tomorrow.

In my opinion, the ann from the 24th should be seen in direct context with the ann expected tomorrow, facilitating it in fact.