In the correspondence received from Monash Capital, Mr Neil Youren states, “We are naturally frustrated by the delays experienced in finalising our funding package. However, we reiterate our commitment to ECT and our written offer of 18 July 2012 to subscribe for up to 300 million Fully Paid Ordinary Shares (ESI) at $0.02 and 300 million Listed Options (ESIO)”
Strong language- Today's ann is unfortunate, but there's still alot of promise.
ESI Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
