EDE 50.0% 0.1¢ eden innovations ltd

Crunch time ?, page-252

  1. 2,904 Posts.
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    I hope so because the alternative is that it's bad news like a crack in a test slab as some on here are speculating. Personally, I think people expected the product to sell itself as soon as the plant was built and they're realising that won't happen.
    If you look at some of the investor presentations from, say, 2007, there are many similarities. The Solomons promised penetration into a "huge" national market, all regulatory and product approvals had been cleared, accreditations were received and there was collaboration with state and national governments and industry partners along with government incentives.
    The country was India and the product was Hythane. Of course, none of the promises eventuated. There never was a market for hydrogen and the Hythane product suite failed completely.
    Now, concrete has a market, and that's what's different, but the guy who is now CEO of Eden USA was CEO of Hythane and the board obviously hasn't changed. The Solomons make their money from legal & consultancy fees which EDE and their other shadow companies pay to them (see annual reports). All they need to do is maintain investor confidence to make enough cap raisings to keep it all going.
    I'm not saying it's all a complete sham, and there is definitely a market, and I hope it succeeds but one has to wonder...
 
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