Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-33

Respectfully, any company that grows their revenue by 50% then 30% YoY would consider that ‘growth’. This isn’t a tech stock where you can roll out a new software and realise sales the next day, the investment in assets that generate long term revenue take time and money. Would ECS be needing to raise capital and debt to increase these facilities if there was not demand for the product? The contractual agreements have increased substantially within the last 12 months, but hard to sign contracts when you don’t have the facilities to meet demand.

As much as you frame it to be, this isn’t ramping and pumping. It’s understanding how an agricultural business operates, which I may make the broad assumption that you broadly do not. Look at the bigger picture, not a quarterly and frame it as an ongoing decline in revenues.

ECS would be in an entirely different trading range if 10% of the available float wasn’t having to be offloaded. In a large cap the effects of this would be less evident, but in a micro cap with exceptionally smaller trading volumes, it really can send the SP crashing for no fault of management.

Provide me with some data to indicate no YoY growth, no growth plans in terms of production, no vision in terms of vertical integration and global market penetration. You’ll find it rather difficult to put a negative spin on that.