agm postponed till 29th of nov , page-21

Well...well...well A

You should have really learnt by now to be more careful in postulating dates of when things will happen as ann'ed by ECT management.

40+ TU's for your post re the AGM 16/11/12.

I'll post it here again for all to reflect on:

"$4m -> 1.3c -> 3.9c on potential

$6m -> 2.0 -> ???? on facts...??

Nov 16 AGM...they could have strettttched it out to the max Nov 30...but they didnt...interesting

If you were an ECT director having copped the endless s/holder flak over the last 6 months...would you go for Nov 16 if the $6m was not literally in the bag?

If it wasnt "in the bag" - logic says you would wait the last gasp 2 weeks and hoppppe its commming...afterall directors have stated the resolutions (and Monash $$$ timetable) and included is the ~ 40% increase director fees (actually the 40% increase is shares...nice incentive that IF Monash commit...is a very bullish signal)

Bottom line...some serious thought has gone into this Nov 16 AGM ann with accompanying resolutions. ECT obviously believe its in the bag as 99% of Mikes address was forward looking wayyy beyond the $6m.

There would likely be legal repercussions if it doesnt happen this time.

The sp is saying the $$$ will arrive. If that happens...imo we will see extraordinary sp movements - slow motion SIR style over the next year

tick tock..."

Whoops - 16th AGM not going to happen...going to commence "legal repercussions" now A?

Not to worry, we have the BOB's making a silk purse out of a pig's ear now! AGM postponed - but all good people.

Er...your management team have just yet again missed an ann and yet it's all positive.

Err...your main man A has just be proven incorrect again.

Errr...Monash or its nominated entity/entities have further delayed funding.

Errr...ever thought there "interested parties" are still just Monash and its nominees (would that not constitute "interested parties"?). Maybe GW will throw some more cash in for 2013 R&D tax offset 1 year in advance?

I suppose the real query is what about this Monash timetable that ECT management have seen on 9/10/12? They either:

a) must have known all along that Monash nominees would not deliver the funds by the 16th or

b) Monash have yet again proposed a timetable that they have delayed on,

otherwise ECT would have moved the AGM date back a lot earlier than a few days out?

So which is it to be?

ECT management yet again miss an ann or Monash yet again miss a deadline or both?

Hmmm...hard to tell nowadays with all this "confidentiality" stuff creeping in...didn't seem to be too worried about it when the CSI was openingly ann'ed in Mar 12 watching the SP run to 3.9c...now it's all "smoke and mirrors". Why?

Let's hope it is actually some other party or a few and that Monash are gone - enough is enough - they have had 8 months now and still the delays are continuing.

Let's hope these antics now do not impact the ALDP (ADLP for OW) EOI submission required by 19/11/12 and DPI's view of ESI as not having the funds required at this time?

29/11/12 - D Day...unless postponed!

Tick tock indeed.

Cheers K