Ann: Market Update , page-31

I'm with you as I dont think this has been a great couple of weeks for Energio.

As a long term holder, I realise one has to be patient but the consistent non-delivery to schedule as advised by them has been extraordinary. As an example, the number of announcements which referred to delivery of met results last month only to not have it delivered is just plain, poor management. If you cant deliver dont promise.

Much hype was built into the stock - press, brokers, but the hard worked momentum has gone, stock has re-traced 30 odd %. The placement was poorly handled and self-serving to directors, who currently seem more focussed on lining their own pockets than actually delivering on timelines.

The market is now saying so what to all this potential. They also know there is a capital raise coming so watch them try keep this down. Why was this spelled out so clearly in the latest announcement?