"How ECT funds itself between now and Dec?
They have around $1m in the bank. They are receiving $250K per month from LJ for the next 4 months.
So given their current spending, they will have survival money until Oct/Nov without the need to raise additional funding.
By then I expect the share price to be 8c-10c...so early exercise of options seems logical.
In regards to Arup, dont they first need to be appointed? So yes, they have not been paid anything yet.
post april 30 financing, page-20
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $297 | 79.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 17643627 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14484105 | 27 |
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| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |