Ann: ECS to execute expansion plans following $4m Placement., page-13

Yeah no problem with disagreeing, you have been expert on analysing the reports, so I do hold your opinion in high regard.


I mean they say themselves the raise is for PCEs (3 of the 4 million raised) so 75% of the raise is for the PCEs. The extra 1 million to own brand penetration, downsteam expansion, etc, sounds a bit like filler or waffle, and this extra million can come from money we earn and is not a one off spend needed immediately anyway.

I dont see how if the money is for the PCEs mainly, when they cant exactly pop up 9 PCEs at once, like said in presentation its one by one, how do we not have the funds? We have unused debt facility of $2mill and 2.6 million in cash, that well and truly covesrs $3 million cost.

Can you show the numbers you are looking at that show we couldnt fund it organically?