ECT 0.00% 0.3¢ environmental clean technologies limited.

Ann: Annual Report to shareholders, page-50

  1. 362 Posts.
    lightbulb Created with Sketch. 9
    Most company's prepare these sort of Vision statements from time to time as part of a charter, something to guide their employees, shareholders etc..... it's a future statement, based on what they specialise in and where they want to be and how they will get there. It's a positive, re-enforcing statement of the intent of the company and how they will see themselves in the future. I don't see any issue with it.. in fact it gives me some comfort knowing that they have at least a vision and, albeit slowly, they are moving and working towards it.
    We all know they are an R&D company and at this stage, have not sold anything substantial YET!
    So they have come up with a Vision Statement ie: it's where they want to be and how they want to be seen:

    They want to be a company that Bridges the Gap between today's use of resources and tomorrow's zero-emission future......they will do this by commercialising their innovative technologies, so that they will then be recognised as the Leaders in succesfully providing Commercialisation of innovative technologies.

    Simples really.. and as for misleading shareholders, well, I'm one and I don't feel mislead.
    I think most people who have worked for a company, would know what the intent of a Vision Statement is and may have been on workshops to come up with one!

    If you honestly feel it is a misleading Vision statement then by all means , report it to ASIC, I am sure you will get a sympathetic hearing.
    IMHO
    Cheers
 
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