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clock Created with Sketch. 20/02/24
12:30
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Originally posted by wolfk:
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Lack of transparency if they had already been in talks at raising 4mil at 2.2c, well below inherent value of ECS. If there is such strong demand to get in, I’m sure they’d have been able to raise at a premium. These interested parties want in on ECS, not the other way around.
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Yes, I should add to my previous comment. At a minimum I'm hoping to see the loan facility used, along with the capital raise, to fund other initiatives. A stand alone capital raise for 9 protective enclosures doesn't sit well.
