ECT 20.0% 0.3¢ environmental clean technologies limited.

ECT_Rep - Q&A - Voluntary Suspension, page-25

  1. 414 Posts.
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    Rooster,
    In taking this decision, we expect that some shareholders and prospective shareholders will not be happy. Often they are the ones that enjoy volatility when there is uncertainty. There is no shenanigans involved. In fact, most of the feedback we have received is that whilst it is a tough decision, its a sensible one. Its also well within the rules of the ASX.

    Our company is often criticized (unfairly I would say) that the share price is manipulated by those taking advantage of high volatility when things are uncertain. I hope that in the process of making this tough but sensible decision to voluntarily suspend, we set a warning to day traders, manipulative traders, rumourgaters and the like, that the Board will make decisions to protect long term sherholder value. And by all accounts so far with the feedback we have received, we will build confidence with the long term investors, current and future.
 
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