Ann: Preliminary Final Report, page-2

I wonder what this means for ELF shareholders?

"At 31 July 2020, the total value of the loan book was $2,110,200 (including interest accrued and capitalised, and
management fees capitalised to the loans to 30 July 2020). The value of security held was $805,000 (based on a $0.001
share price). The loans in respect of the ESIOA and ESIOB options expired on 31 July 2020. The loans in respect of the
unlisted options are due to expire on 31 July 2021. The loan to Mr McEwin is due to expire on 10 May 2021. Interest rates
across each of the loans can vary according to payment methods. For accounting purposes pursuant to accounting
standards, the ELF loans and the related shares issued are not recognised but are treated as the issue of options (refer
to notes 23 and 24 to the financial statements for further details). Notwithstanding this, the loans represent funds owed to
ECT Finance Ltd by shareholders pursuant to commercial and legal contracts"