Thankyou for proving my point in black and white.
As it states "The Brevet facility includes certain pre-conditions, including, a) ECT receiving an overseas ruling from AusIndustry for the Indian project and, b) the Indian partners each co-contributing their 1/3 funding of the project.
The overseas ruling, which provides pre-approval for R&D claims on overseas activity, is currently under review by AusIndustry".
So it has matter of fact not been approved yet has it. And that is why the company is in a trading halt. Your not fooling anyone who can read black and white. Until the company says that all of the clauses are satisfied there is no $10,000,000 loan coming at all. I could assume that a person saying otherwise is a way to catch out a few people and prop up the buys in the market so they can then sell their shares at the high.
There may be $10,000,000 loan in the future but that is different to telling everyone that is is definitely coming as you have sp3. I dont care how many people come to back you up ith past clauses. it doesnt matter because the company has not said it is having the $10,000,000 loan yet and until the trading halt is over you are only creating a rumour.
No apology needed from me. That is all. Simples, but you complicated it. On purpose or not is the question.
ESI Price at posting:
1.7¢ Sentiment: None Disclosure: Held
(20min delay)