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0.2¢ environmental clean technologies limited.

Ann: Appendix 4E and Full Year Statutory Accounts, page-60

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SP3

18,710 Posts.

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03/09/17

14:15

Post #: 26960586
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Originally posted by sideways ↑

It states nothing of the kind. Black and white? It's ambiguous and open to interpretation, imo. It says: 'the ECT Group will have continued senior presence on the ground in India for 3 weeks out of every 4'. The context says that's AM they're talking about, and maybe it is. But then it could be any 'senior presence', couldn't it? And, in fact, it's irrelevant. What difference does is make if he's there or here - indeed, with no material news to report on anything India-wise, what is he doing in Chennai now that he can't be doing here? Maybe the company could update the market on the current progress?

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They deliberately said ECT Group and not Ashley Moore to show the market that ECT Ltd will still benefit given Ashley is no longer employed directly by ECT Ltd.

It makes a huge difference if he is based in India. They are building a plant. You cant manage the project from Punt Road. He needs to be hands on.

Last edited by SP3: 03/09/17

ESI Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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