Apologies guys, I just went back over it and found it was an email response to a number of questions I had asked directly.
Basically they don’t believe it will be required, but the contingency is that if for some unforeseen reason it did occure it is not a disaster.
They put an official resolution before each board to ratify an extension to the sunset date.
The point is it’s better than starting from scratch if the unthinkable happened.
ect time line, page-11
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¢ | 0.4¢ | 0.4¢ | $44 | 11.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 16183155 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 12017767 | 27 |
View Market Depth
| Last trade - 14.37pm 13/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.4¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 169449 | ||
| Last updated 14.56pm 13/05/2024 ? | |||||
| ECT (ASX) Chart |