Ever since the deal with Arup prior to AGM, things have changed. Monash counter punched with letter at the 11th hour prior to AGM. This letter has peeved ESI management off, and throw in the green light from ALDP which is in ESI's favour, and they are now seeking another CSI or multiple investors.
Monash were trying to rip esi off plain & simple. I think they know that they are going to get the bulk of govt funds as COLDRY is the standout tech imo.
This will break hard when longer term funding is announced, think back and ESI always said that the SPV's were going to be complicated, and hance taking a lot of time.
ESI will let the monash deal run out to end of feb, imo partner up with more experienced companies, with real $$$, not some venture capitalist money grabbers.
All imo.
my take on progress
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| ECT (ASX) Chart |