Australia's largest stock trading and investment forum Australia's #1 stock forum

ECT

Click for more information

0.00%

0.2¢ environmental clean technologies limited.

I don’t think you’ve got your calculations quite right there ,...

First 20 Last

Share
Profile

Follow
mosquito616

37 Posts.

32

18/02/19

10:36

Post #: 37468113
Share

Originally posted by sholtz ↑

They can’t miss out if they stump up before the 1st March. I would expect plenty of over subscribing to attain the full discount across the total loan.
Big benefit in paying it out, all interest forgiven and then some.
Here is an example of what I believe to be fairly accurate, base on a $100k loan and consolidated fees and interest.

$100k loan.
$22k in interest and fees to date.
$122k total outstanding
$36,600 discount over the total loan @30% discount rate.
$85,400 pay out figure.
A compelling offer to put in for oversubscribtion and pay out the entire loan before 1st March.

After 1st March through to 15th March and the 17% discount rate.
$122k total loan and consolidated fees and interest.
$20,740 discount on total loan.
Not quite all the fees and interest but close enough.

So it is risk verses reward in this incentive program.

Expand

I don’t think you’ve got your calculations quite right there , the discount is only on a third of the total loan . So 30% of 33% which is roughly around 10% discount of total loan , not really that great a deal

ECT Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce progresses testing of gel to treat bacterial skin infections

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

AHK

Ark Mines provides strategic update following mining lease submission

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

There are more pages in this discussion • 64 more messages in this thread...

First 20 Last

Add ECT (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $6.343M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$1	339

Buyers (Bids)

No.	Vol.	Price($)
64	32489655	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	14209626	33

View Market Depth

No.	Vol.	Price($)
64	32489655	0.002
23	29452532	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	14209626	33
0.004	7713019	12
0.005	3676859	23
0.006	3178567	7
0.007	918333	2

Last trade - 10.02am 09/10/2024 (20 minute delay)

ECT (ASX) Chart

SPONSORED BY