Ann: ECS to execute expansion plans following $4m Placement., page-67

I think just sophs banking the free money. Like the example I gave earlier in this thread, Imagine you have 5 million shares in ECS. You apply for another 5 million (or whatever amount ) through the capital raise at 2.2 cents. You then come on market now and sell your original 5 million at anything above 2.2. In this instance you have just locked in a 4.55% profit for free and still hold the same number of shares.



If you look today at the price action, basically 10 million went through at 2.3 and 2.4, if it is indeed sophs that participated in the raise, thats locking in 4.55% and 9.1% respectively whilst still maintaining their position.

LoL well if your at front I hope you just get done , and then we bounce, Im worried we will see even lower, based on the price action after every other capital raise ECS has done.