ECT environmental clean technologies limited.

is the $6m cap raising real?, page-74

  1. 4,794 Posts.
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    Hi guys, received a mail from Chris today. Basically there's Noting new to announce hence the reason there has been no further announcements; The last announcement mentioned the DFT is on track. This is still the case. The funding is still per last announcement as well i.e. Monash advancing, but they have contingency just in case monash are further delayed.

    IMO it looks like they are looking to run funding with only monash at the moment hence the mention of contingency (that $6 million for 300m shares I'm assuming) and not the word alternative.

    In any case it looks like there will be no issue with final payment and completion of DFT.

    So the answer to the heading of this thread is : - yes

 
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