Ann: ECT Finance Limited - Equity Lending Facility Interest, page-15

Fact check satintape:
1) ECT staff paid >$250,000 in ELF repayments before the Indian deal fell through
2) Calling something a "ploy" infers that you are aware of some illegal or fraudulent activity. Please report to ASIC or the police if you have proof otherwise you are touting with defamation.
3) The reason the ELF was chosen as the point to receive the payment was that it served as a proxy for a higher share price and was a ready made structure for G Fozard to take his remuneration as stock, without issuing new stock.