ECT - Q&A Session - India Update, page-70

Arion, your allegiance to the company is admirable but your confidence is unfortunately misplaced. The only way that the share price will improve is if the majority of shareholders believe Glenn's statements/predictions of being cash-flow positive within 12 months and shortly thereafter generating $3m of annual earnings, primarily from a char plant which they are yet to build, have no experience operating and have no binding off-take agreements for char. And before they can produce char, they have to rebuild the Coldry plant after it was damaged by fire. And the majority of shareholders have to generate this confidence before closure of the capital raise. This company is the master of spin, but do they have the ability to turn the spin into reality. I'm not convinced they can and I'm not going to invest further in this stock.