It is a non recourse loan, ie at the end of the loan period you can decide whether to pay the loan (which will have accrued a decent amount of interest) or not. If not it lapses, you are not required to pay for the loan but you don't get the shares.
Last time they offered better terms if you pay some of the loan at the start, IMO I would be very careful with doing that. I haven't followed the company much since the India debacle.... there has only been a few people that have made money out of ECT and they are the employees and the companies offering finance.
Having said that, you won't lose anything by taking up the loan and leaving it at 100%, you can still pay off the loan with interest if the share price is above your cost price(not option price as you need to take into account the accrued interest).
It is a non recourse loan, ie at the end of the loan period you...
Add ECT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.68M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $471 | 106.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 19992372 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8767736 | 25 |
View Market Depth
| Last trade - 14.49pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.4¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.4¢ | 3331782 | ||
| Last updated 14.57pm 03/05/2024 ? | |||||
| ECT (ASX) Chart |