Appears my research comes up trupms again. They can raise the...

Appears my research comes up trupms again. They can raise the money then do an EGM, as they did 3 years ago. Kos would know he did it. The shares were placed but the options needed approval, but they dont need to wait until novemeber, thats the point. I dont suppose I will get any green thumbs.

Case in point:

http://stocknessmonster.com/news-item?S=ESI&E=ASX&N=372537

This was on 13th August 2007.

2 years, gz, that was another optimistic timeline.

2.5M Capital Raising completed successfully

The Directors of Environmental Clean Technologies Limited are pleased to announce that
they have secured $2.5M funding via a private placement to Tricom Equities private clients
and sophisticated investors. These funds will be sufficient for the company’s operations for
at least 2 years. The due diligence process is continuing for the Equity Credit Line facility
announced last week.
The Placement Shares were issued at A$0.12 and include two free attaching options,
providing the subscriber with the right to subscribe to fully paid ordinary shares at A$0.12
expiring on 10 August 2010. The options are subject to shareholder approval which will be
sought at an Extraordinary General Meeting (EGM) due to take place within the next five
weeks.
A notice of meeting setting out full details regarding the Placement will be sent to all
shareholders shortly and published to the ASX.
Commenting on the Placement, Managing Director Con Galtos said:
“We are particularly pleased with the strong support and the continuing confidence
displayed in our team and our technologies by our cornerstone investors and major
shareholders during this turbulent period in the market place.
The funds raised place the company in a secure position allowing it to focus on delivering
on its business objectives and milestones indicated in earlier announcements. This
placement, combined with the restructuring that has taken place, will provide a solid
platform for the company to continue with the commercialisation stage of its technologies
and production of a comprehensive bankable valuation.
The pilot plant at Bacchus Marsh is now fully operational and has been running on a 24/5
basis since July 10, 2007 demonstrating the capability of the Coldry Process to deliver
immediate benefits to the energy producing plants around the world that use “Brown
Coal”. This operational run is due to be completed on September 7, 2007.”


For further information kindly contact Con Galtos on 0413 747 077 or
[email protected]