ECT - Q&A Session - India Update, page-12

Glen,

Contained within the July 10. 2019 announcement (over 7 months ago) is:
In line with these substantial opportunities the Company is pleased to announce that it will be pursuing the development of a vertically integrated, Coldry-enabled, CDP-WTE solution for the production of diesel fuel as a part of its Latrobe Valley project.Chairman Glenn Fozard commented, “As stated previously, this acquisition has been seven months in the making and we are very pleased to have successfully concluded the process for transfer of the assets and commencement of our onboarding program. Given the clear opportunities and potential benefits in commercialisation of our broader technology offering, we’ve wasted no time in implementing initial R&D activities with the University of Queensland in assessing the pathway for integration of the Coldry and CDP technologies. It’s fair to say that together with our continued work on HydroMOR and COHgen, we are looking forward to a very exciting couple of months ahead.”

Given the exciting acquisition, "exciting couple of months ahead" and "we’ve wasted no time":
(i) What has actually progressed in the 7+ months given the months of assumed investigative diligence leading up to the purchase?
(ii) When will there be an announcement regarding (a) completion of this acquisition wrt assuming all background engineering; and (b) recommencing operations of this plant?
(iii) Have the creditors (Challenge Roofing and Bricks Pty Ltd loan) lending "part" of the money for this acquisition specified a time for some/all ROI for this loan?
(iv) Has a source of waste feedstock been identified and contracted in order to commence providing fuel for this plant? Some councils are now sending waste landfill.

Mr Fozard continued, “This acquisition increases the Company’s potential exposure to higher margins via the deployment of value-added downstream technology within the Latrobe Valley Coldry project currently under feasibility.

Given the exposure to higher margins:
(i) What $'s margins are you talking about?
(ii) When (e.g. within weeks, months, years) will these margins become income therefore translate to tangible shareholder value?

Maybe I have missed something but given the "exciting acquisition and exciting couple of months ahead" it appears that almost nothing has happened.

Final question: What is the defined strategic roadmap of the company in order to generate staged and progressive shareholder returns given the current regime has now got the share price to $0.001 after the last 5-7 years of effort. BTW - This was not a "surprise" as recently mentioned it is a regular knee jerk from a very distrusting market. Reason for the question is that most/all announcements have grandiose and far-reaching engineering schemes perhaps with some remote hope they may turn a dollar one day as a teaser, yet none seemingly have any strategic plan to recoup the $10's of millions already sunk.

And . .

As a suggestion in order to give the over-strained patience of shareholders some comfort and indeed trust in the co and bod such initiative as the aforementioned need to be followed up with actual progress that will provide real revenues instead of, by way of example, the perception of diverted attentions committed here-there-and-everywhere while running around dropping-the-ball(s). Lines containing throw-aways such as "exciting couple of months ahead" and "we’ve wasted no time" and "higher margins" and "clear opportunities and potential benefits in commercialisation" are now taken with many pinches of salt and are all wasted pixels for bombed-out shareholders. Cash is king and is all that matters for shareholder returns.

Thank you