EGR 9.62% 11.8¢ ecograf limited

Of the $2.9 million, $1.5 million was a non recourse loan to...

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    Of the $2.9 million, $1.5 million was a non recourse loan to purchase shares under the "share plan". The directors got 9 million shares but they're only worth something to them if they go up in value (majority were issued at 15 cents). It's a variation on options. The $1.5 million is misleading.
 
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