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0.4¢ environmental clean technologies limited.

Ann: Appendix 4E and Annual Financial Report, page-18

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rep96

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02/10/23

17:44

Post #: 70134578
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Originally posted by Plext: ↑

Yep this sucks in the Final report !

(ii) Gain on recovery of bad debts In 2022, the Company sold its interest in the Wood 247 business for cash and an exchange of shares. The purchaser owed the Company $132,000 which had been written off as a bad debt in the first half of the 2023 year. During the period, the Company was able to take back 4,500,000 ECT shares that it had delivered to the purchaser as part of the sale transaction. These shares were valued at $0.011 each on 20 February 2023 when the shares were returned therefore delivering value of $49,500 back to the Company and are held by ECT Finance Limited. Refer to note 17. The previous bad debt was therefore recovered to this extent and recognised as income for the year

Sweet deal for someone, all the money ECT poured into setting it up which included a truck and a plant ...

ECT at .006 !

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Really good question!

Is it not by law that companies need to provide a T20 on their annual report that's less than 6 weeks old?

ECT Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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