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

ECT

Click for more information

0.00%

0.4¢ environmental clean technologies limited.

so you say there is no $23 millionsbut there is extra 800...

First 52 Last

Share
Profile

Follow
silver46

583 Posts.

40

23/02/23

15:16

Post #: 66423463
Share

Originally posted by subumbra: ↑

ECTF isn't borrowing nothing. It has no money. It's just a bit more smoke and mirrors.

Instead of having ECT options expires it makes a mumbo jumbo agreement via ECTF to 'finance' the option owners by allowing the currently unviable options to be exercised on credit but not released to the owners until they pay to ECTF the amount owed.

With this the option owners have a right to the shares created from the exercise of the options via the 'credit' ECTF grants them but they don't have to pay anything unless the share prices rises above a certain amount on the market, don't quote me but I think it is 3 cents?

All ECT has then is a potential of it maybe getting an amount of money in the future and at the same time it might not get it also that is a bit like Schrodinger's Cat.

From observing the share price at 1 cent a share though today it would be a safe to predict currently the future state of the cat would be dead......

Expand

so you say there is no $23 millions
but there is extra 800 millions shares
so where is the money
should be in company bank accounts
this make know sense
money has to pay for these extra shares
we diluted but no moneys

ECT Price at posting: 1.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Ruthworth

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

SPR

Dalgaranga gold play's increase in MRE a 'pivotal moment' for Spartan

There are more pages in this discussion • 13 more messages in this thread...

First 52 Last

Add ECT (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $11.10M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$0	24

Buyers (Bids)

No.	Vol.	Price($)
41	17503943	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	12716015	26

View Market Depth

No.	Vol.	Price($)
41	17503943	0.003
27	16742019	0.002
11	17969024	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	12716015	26
0.005	4809313	28
0.006	5972900	12
0.007	2628334	7
0.008	127213	2

Last trade - 11.14am 23/07/2024 (20 minute delay)

ECT (ASX) Chart

SPONSORED BY