ECT Chairman available for Q&A, page-145

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SatinTape

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22/07/19

15:56

Post #: 39634554
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Originally posted by Chris741: ↑

Hi Glenn,

Thank you for your response i do appreciate you taking the time to respond.

I agree with you that ECT spent a lot of effort, time and definitely resources to be involved in those projects and the key outcome wasn't what we envisaged or hoped for. I assure you that at a current SP of .004 this result is not what anyone wanted.

The issue i have with ECT, which is ongoing, is that the company continues to cite theoretical savings from works being undertaken. In your response you cite a design saving of 60-70% - For the removal of doubt a 70% saving of a non existent project is a $0.00 saving....
Further, i would suggest that the company hasn't saved money here whatsoever- the company has paid handsomely for board, director and staff wages to increase THEIR industry experience. Which no one seems to be taking account and responsibility of from ECT.

Lets agree to disagree about what constitutes value to a listed company and its SH's, but i do appreciate you continuing to front up for open discussion to SH's. This is very important.

Finally, I note that in your response you didn't provide comment to the relocation of ECT offices to Bacchus Marsh. If you could please provide a response on this item and summarize any other cost savings that ECT is implementing until such time cash flow is positive.

Thanks in advance.

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What's more how can the occupancy of the office be costing so much? It looks like a real garbage dump.
There's no branding or anything. This is 388 Punt Road is it not?

ECT Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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