Yes, I agree, not a well written article in regards to his final findings.????
In the article he does say that SE said "We have purchased all the equipment and it's on it's way now from factories around the world". TO WHERE??? Sengkang??
And further on SE said "No, the parts for the LNG Plant in Indonesia were in storage awaiting FINAL APPROVAL FROM RELEVANT AUTHORITIES." What year was SE referring to when he made that statement???
In the half yearly report in regards to the Sengkang plant it said " The current status of this project is that site works have commenced and major equipment has been shipped from our suppliers and is currently en route to Sengkang"
I'm a bit lost delivestor, as his article does not confirm where the project is at at the moment, only bags EWC as not doing any project work with all the monies they have received from placements.
So where do we stand at present? I only wish I knew as there are investors putting their hard earned money into this company and the feed back from SE on the truthful situation is basically nil.
EWC Price at posting:
78.5¢ Sentiment: None Disclosure: Held
