Ann: Quarterly Cashflow Report , page-6

Hi Stumacca

No, the missing approximate million from Hyradix is still not accounted for!

In the current quarter column you will see an entry for $1 million even- that is the previously announced payment from Origin for the geothermal asset- listed under 'proceeds from sale of other fixed assets'.

In the CURRENT quarter column there is NIL for 'sale of equity assets'- the 370k in the other column (the 6month period) was received in the previous quarter (and does appear to relate to Hyradix- see my initial post) so nothing this quarter on Hyradix- and 900k+ not received as announced in July last year.

I still maintain on the evidence that EDE are a little under a million short from the Hyradix sale with NO confession made by the company. Now remember that Hyradix were supposed to, after the sale, supply one hydrogen reformer to EDE and 5 more at cost, as EDE expand in India. Have a look at http://www.hyradix.com/index.cfm/Ownership, and elsewhere on Hyradix's website and convince me that Hyradix are still a going concern. The last item I can see that has been updated was in 2007.

I do not hold EDE but have been tempted at various times! Note I still think the sum of EDE's parts are greater than the MC- IF they can survive long enough to get cashflw.