Yes, I am uptight about it. To be promised 3 times that funds will arrive and then not have funds arrive means we were dudded as shareholders and treated like fools. Well that's how I felt anyway. You may think differently and think this is all par for the course but I don't like being BS'd to.
The SP went up every time it was stated that funds would arrive followed by 3 falls in the SP when it was clear the funds didn't arrive.
Do we know the DFT can be completed without Monash funds? If not then I would be very worried in the short/medium term about ECT meeting it's objectives as I do not for 1 minute believe the funds will arrive in time to meet their self imposed October DFT deadline. Monash have had close to 6 months to organise these funds. Sure, the funds will magically appear by October...keep dreaming...they could barely organise $500,000 last month.
Oh, and to the TD'ers, wake up and smell the coffee.
ESI Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
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