The market is not excited/confident like some here. Look at the HC reads...people/traders have given up on ESI. ESI is a dog....Monash curve ball terms outcome will be ugly etc...
But - LT serious holders are holding tight for now. 1.6B shares and virtually no trades. Ready to go KABOOM up or down...ESI is really at that cross road.
Those with an eye for detail...
"I can advise that the wholesale funding provider to Monash has confirmed the funding arrangements are proceeding and are unconditional.....
the Board’s knowledge of the financial instrument being used by Monash to deliver funds to ECT....
together with Monash’s re-affirmation of project financing for the Coldry CDP and other projects " ____________________________________________ http://www.investopedia.com/articles/economics/09/when-wholesale-funding-goes-bad.asp#axzz2Hq427wIy
"other projects"...well they cost $$ too...and maybe its more than matmor madness...the coy have continually stated they have other techs happening?
"I can advise..."wholesale funding provider" to Monash... confirmed funding... proceeding...unconditional"
Strong strong statements.
A friend of mine part owned/chaired a listed finance coy. They would buy $$$ from a "wholesale funding provider" and loan it for a profit. My point is - my friend has viewed the terminology used in the ASX ann and believes the $$$ are there for sure...and pending the terms outcome - the $$ will flow..
ECT have continually stated Monash/CSI are about the demo ++...the $6m is secondary.
The ECT/Monash saga has continually disappointed (hence the sp) and understandably turned investors away...the imminent Monash curve ball terms outcome ASX ann will imo confirm ESI will either continue as a dog heading to oblivion or be the initial launch of a potential industry changing monster.
Looking forward to the first $1m tranche...
tick tock...
ESI Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
