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.

Ann: Shareholder Update - Capital Management, page-93

First 93 Last

Share
Profile

Follow
SP3

18,710 Posts.

306

20/02/17

15:16

Post #: 22752635
Share

Originally posted by scatterpult ↑

And they will be used as colateral to secure the interest repayment. So in other words you will lose the lot if you don't pay up. In other words, some holders might not want to convert too early or else if the price goes down towards expiry and they decide its not worth converting them all anymore they will lose what they have already paid for.
Managing and balancing your exposure is the most important thing with this sort of thing if you are going to convert your options bit by bit.
So the company is hoping you know this and that convert all at once to minimse your risk and that you then exit the facility alltogether cleanly.
As soon as you convert your shares under the facility your secured shares are the collateral until the interest has been paid off. As someone else says IMO (in my opinion?) this facility isnt as attractive as doing the converting yourself unless you hold a hell of a lot of options. And that means to me that this really only benefits large sophisocated investors.
So the company is looking for a lot of money in a short time in the next few months. Why? Does it imply something good or something unfortunate? Not so simples.

Expand

No one is stupid to convert now. Most will convert at the time of expiry even with the loan.

ESI Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Quarterly and half yearly reports: Ampol, Fortescue and Newmont.

There are more pages in this discussion • 76 more messages in this thread...

First 93 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
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
44	14276162	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	13166015	26

View Market Depth

No.	Vol.	Price($)
44	14276162	0.003
26	16475353	0.002
11	17969024	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	13166015	26
0.005	4809313	28
0.006	5572900	11
0.007	2628334	7
0.008	23913	1

Last trade - 10.17am 25/07/2024 (20 minute delay)

ECT (ASX) Chart

Day chart unavailable

SPONSORED BY