>>The Directors of ECT have agreed in-principle with Monash Capital to make a placement of 300
million fully paid ordinary shares (ESI) and 300 million listed options (ESIO) exercisable at 2.0¢ on
or before 16 January 2014 for consideration of $4.0 million. ECT will seek shareholder approval
for this placement at a general meeting of shareholders, which is expected to be convened late
April / early May 2012.<<
Is this approved is it? As a shareholder I would not wish to 'give away' the shares at this price. Monash Capital are getting a HUGE discount to current SP. Yes I appreciate they should get a discount but 3 mil standard + 3 mil oppies all for 4 mil bucks. Hey... this is a rip off to shareholder. Granted we were half a cent not long ago, yet this offer put in when SP far above. Better negiators needed in this Coy IMO.
Regardless it been a good earner for 2012 to date. Big turnaround from sitting waaay below 1c for so long.
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Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 34539367 | 0.2¢ |
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Price($) | Vol. | No. |
---|---|---|
0.3¢ | 14086936 | 34 |
View Market Depth
No. | Vol. | Price($) |
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65 | 34539367 | 0.002 |
27 | 34002532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
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0.004 | 7713019 | 12 |
0.005 | 3676859 | 23 |
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