I emailed the operations manager Adam Giles today regarding this...

I emailed the operations manager Adam Giles today regarding this matter and he said (I quote):
"There was an expectation that the funds would be settled by last week based on feedback from Monash and their funders. The transaction is taking a bit longer than expected, however it is progressing and ECT are in daily contact with Monash on that progress. ECT will notify the market when the transaction settles."


Better to be in and waiting patiently then to not be in and get caught out and have to scramble for shares at a higher price when we get hit with big news. Yes I said "when" not "if". There's too much going on behind the scenes for this not to head north and go the right way.

Carbon tax will drive us to higher high's.
I am tipping August and September to be big months for ECT in terms of SP movement so I would call current prices the basement levels IMO.. DYOR and GLTAH!! :)