Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

At this point, give EDE the world's best at just surviving DB.

The Solomon Bros have created a company with deep value as Oaktree points out.

It was their vision that saw the potential in methane pyrolysis all those yrs ago and successfully mastered and commercialised it.

Then when the winds changed, they looked forward to the carbon and literally created a technological breakthrough, a CNT concrete additive. Well, a couple of technological breakthroughs. Cracking the CNT dispersion problem that had plagued industries trying to capitalise on CNT superlative attributes and then stabilising and extending the shelf life of EdenCrete.

Oh, and then modifying EdenCrete to Pz7, a product perfectly tailored to today's concrete market with it's proven environmental credentials, multi-aspect benefits and costs savings as well.

It's been nearly 10ys since EdenCrete came on the market with a plan that resulted in the GDoT trial, that EdenCrete rocked, and subsequent process to legislation to include EdenCrete in all full slab concrete pavement repairs in Georgia. A plan that worked a little too well, methinks.

That advocacy got us in the door for a looksy. EdenCrete proved itself admirably but in hindsight, Beton had the right of it. The industry itself said 'come back in 10 yrs and show us the slab then'. Fair enough really.

So here we are, surviving on what seems like the Solomons haemorrhaging money to EDE, from not taking wages to loans, because from their perspective, it's a go. The data is in from lab and field, the period of doubts about a new product disintegrating after 7yrs or maybe the CNTs causing harm in some way has passed. As you say, the products are here to stay.

We are waiting on the sale of the Augusta property to go through as the start of the SP's rerate. I notice EDE is cautiously optimistic. Maybe another extension is on the cards but the more work and money the buyer puts into their plans, the more likely the sale.

EDE has followed the path of many small companies trying to do big things, up to and including this quite nasty valley of death. Most companies would have folded yrs ago. EDE is astoundingly still moving forward with plans in motion to get over the line.

The ridiculousness of the SP for a company with so many different irons in the fire is obvious from the constant attacks this company still endures on this forum. Think of it as a microcosm of what EDE must be dealing with in the wider world. Best business practice would be to drive EDE under and/or buy for pennies. Opps. Didn't seem to have worked.

Interesting times ahead.

IMO DYOR GLTS