It's understandable to be disappointed about the lack of communication from Management on funding from Monash. I know we're a spec, albeit one with industry changing technology, but I hold quite a chunk of these and I get nervous.
However, when in L.A. last month, I spent a few hours at the Space Shuttle Endeavour Display Pavilion. I could not help but notice one of ESI's partners, ARUP, prominently mentioned within the Pavilion because of the significant role they played in making the Space Shuttle display even possible.
It reminded me that ARUP is big time! They have agreed on a Strategic Deliverable Bond for as much as $2.5m to little old ESI to help deliver the balance of the DFT and other pre-construction engineering works associated with the development and delivery of the Coldry technology!? That is powerful.
We have other big time partners showing similar faith in ESI so while I'd love for Monash to show us the money there's no need to lose faith ourselves.
ESI Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
