Manipulation is par for the course...unfortunately - unless/until ECT make it out of the microcap pool.
Thats why Im here - I think the current management are doing the best they can in difficult circumstances. If they manage to get this initial FS funded - ECT are on their way to being a blue chip...or taken over.
ECT's future is heavily linked to Tincom. If Tincom decided not to commit to the FS - ECT is finished regardless of Poland/Indo/Matmor...1 cent.
Tet is very relevent... ECT, as a minnow and operating from a position of inherited instability, are dealing with a very complex one party govt within a complex business culture.
Kos made the "next few weeks" statement on Jan 15. It aint rocket science to see he knew Tet was technically from Feb 1 onwards. Obviously, Kos was given assurances that Tincom were coming prior to Tet (Feb 14).
Does that mean Tincom are reneging?
* Dont Vietnam need BCE since last month?
* Why did the Viet PM stick his neck out?
* Why did LYP stick its neck out?
* Why did Halcrows buy big?
* Why are the new con note holders happy to commit?
* Why were Moore/Carter happy on come on board?
Regarding all the other missed deadlines - welcome to the land of the minnow. A minnow operates from a position of weakness...hoping to become strong and profit making.
Take "expected deadlines" and add a month is a reliable formula.
Will we see the con note finalised shortly? Thats secondary - Tincom FS money is what only matters atm.
ESI Price at posting:
3.0¢ Sentiment: LT Buy Disclosure: Held
