I believe Kranky is correct re future funding. It is reliant upon Monash following through and shareholders approving the convertible loan.
For ECT to state that they will have cash for the next 9 months implies that they are very confident that Monash will provide the funds. Even the auditors must've been satisfied otherwise they would not have signed off on the annual accounts.
that's nice - bang!, page-83
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0.3¢ |
Change
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Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $375 | 125K |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
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| ECT (ASX) Chart |