Unfortunate news! Hopefully most are wrong on this thread and they can satisfy auditors queries. I suspect Wagovt decision on AWEP may have just been made by this news (well more the associated suspension)... Enel being here this week could mean some further investment from them. But who knows, certainly not us mere shareholders.
I’m with jrdbull - I’d like to see John Davidson investigated and if it appears any money has been fraudulently obtained it is returned along with any shares he was given. I doubt ASIC has powers to do anything then disallow him from running a business for x number years.
I have changed my sentiment to hold on this news.... :/
Hopefully wagovt and others continue to see merit in pushing the ceto program. If ceto6 is successfully deployed and cce (or whoever buys them) can turn around the last 3 or so years then the opportunities for future could be worthwhile. I see the ceto6 working well between wind turbine arrays in places such as the North Sea - utilizing direct wind and indirect wind (wave) sources. Pie dreams perhaps...
We definately need some good luck!!
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