Yeah, this is so much better than I expected. My understanding is that:-
Those 50 individuals can pay back the loan at any stage within the next three years. So that's $22.8m in the bank for ECT, less finance cost to ECTF. Of course, this will only happen if the SP is trading well above 3 cents.
The SP will only trade well above 3 cents (consistently) with success. Success = Tech (s) commercially proven, supply agreements in place, offtake agreements in place, and ongoing revenue.
It's a very clever way of buying more time to secure the $'s originally expected from the options when they were originally issued.
AIMO - happy to be corrected.
Yeah, this is so much better than I expected. My understanding...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $93 | 40.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 31018520 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 9813441 | 31 |
View Market Depth
| Last trade - 13.56pm 03/10/2024 (20 minute delay) ? |
| ECT (ASX) Chart |