ECT didn't receive $23 mill in cash, just the option holders who converted their options were allowed to do so on credit rather than have them expire?
So this didn't produce any inflow of capital but did further dilute the shares?
That sounds like a viable strategy.
Ann: Equity Lending Facility Results, page-6
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $78 | 38.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 5317530 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 15249389 | 23 |
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| Last trade - 14.26pm 15/11/2024 (20 minute delay) ? |
| ECT (ASX) Chart |