NLC - Results Press Release, page-78

Dear P2P, if it would be as clear cut as you say we would long have a result on the table and negotiations would be concluded.

We also would not have to worry about the following :

"In support of its commercialisation strategy, the Company has agreed to an extension of the existing “FAST Finance” loan through strategic finance partner Platinum Road. ECT would like to acknowledge Platinum Road’s continued support of its commercialization pathway"

Commercialisation strategy obviously necessitates further cash flow from the company.
There is no need to go back years of HC postings when one only needs to read company updates.
Besides, I have been invested in this company for about 7 years now, being well aware of many outstanding contributions on this forum.


"Assuming activities go to plan, the loan may be satisfied in cash, or – at the lenders’ discretion – via a
placement of ECT shares priced at 2 cents.
Should the VWAP of the ESI share price fall below 0.6¢ per share for 10 consecutive days, the conversion
price shall become the lower of 2.0¢, or a 5% discount to the lowest daily VWAP for the prior 10 trading
days.
The Directors believe this facility provides short-term capital management flexibility to the company as it
pursues its key objective of technology demonstration in India."

Why include shares placement option for fast lown strategy when " setup costs don't bother them" and partners would, as you say, provide all cash flow necessary.


Stay objective and do your own research, do not buy into hype at this point in time is my very personal approach.
If you do not agree, you are very welcome to share this here as we are to discuss the stock but refrain condescending remarks which will only take away from your own credibility.