If it was going to be that easy, it would have been resolved in the two months since ERJ announced the partnership with ECM. During which time the price paid by ECM has fallen 40% to 1.5c from 2.5c, and the conversion price by 1c also from 3.5c to 2.5c.
If it wasn't going to be a factor, it wouldn't be mentioned. OpCon have not had any incentive to launch a legal action to recover the monies as they hold the part-paid boxes as security, and ERJ have never had the money. But the last thing that ECM would want is to put $2.5m into the company and OpCon to put it into liquidation - now the debt can be paid, or part paid.
Maybe settle the debt by OpCon delivering one box to ERJ. It all depends how well they are selling.
If it was going to be that easy, it would have been resolved in...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.07M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 57096344 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 95358455 | 37 |
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| Last trade - 16.12pm 03/10/2024 (20 minute delay) ? |
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