ECS news, page-3

First 3 Last

Share
Profile

Follow
Cobby

1,110 Posts.

19

05/03/21

16:19

Post #: 51556980
Share

Originally posted by EWexplorer: ↑

The GM is on March 2 (Tuesday) so I'm doing a little digging. I note the bellow from the Annual Report.

Looks like there were 42m performance rights issued on the formation of the new company - mostly to Alex Keach
And a further 131m likely if performance goals are met as per the "consideration" bellow. (Looks like 1 right = 1 share)

Looks like roughly 661m shares on offer now + 100m for the Murray Meds deal + 174m via performance rights (if all achieved) plus options ... so roughly 934m shares in 4 years.

Therefore a Market Cap of say $250m will create a SP of 26c, or a MC of $400m SP at 42c.

In four years if the goals are hit. Interesting.

Still - nice to have clear targets ... this has really helped define my approach to owning ECS shares.

Contingent Consideration
During the period the Group assessed the probabilities of the contingent consideration being payable with
respect to the reverse asset acquisition of ECS Botanics Pty Ltd occurring on 11 July 2019. The consideration
comprised of:
131,250,000 Performance Rights that were issued as part of the Acquisition Consideration.
The Performance Rights vest subject to the below revenue milestones:
43,750,000 Performance Rights (‘Milestone A Performance Rights’) will convert into Shares upon ECS achieving
an annual revenue in any financial year of $1.00 million within two years of the Company’s readmission.
43,750,000 Performance Rights (‘Milestone B Performance Rights’) will convert into Shares upon ECS achieving
an annual revenue in any financial year of $2.50 million within three years of the Company’s readmission.
43,750,000 Performance Rights (‘Milestone C Performance Rights’) will convert into Shares upon ECS achieving
an annual revenue in any financial year of $10.00 million within four years of the Company’s readmission.
Management have applied judgement to whether the achievement of the milestones are possible. While the
achievement of the milestones is possible, it is currently not probable and so no value has been ascribed to them
and that these will be reassessed at each reporting period.

Expand

Media article from the Age which has a section on ECS.

https://www.theage.com.au/national/victoria/hemp-farmers-hopeful-miracle-plant-can-shake-stigma-and-shine-20210304-p577pn.html

ECS Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
14 Upvote

1 Great analysis

Reply

Top Stories

ITM

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

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

DTM

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

ARU

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

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

There are more pages in this discussion • 519 more messages in this thread...

First 3 Last

Add ECS (ASX) to my watchlist

(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $23.19M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.7¢	$4.407K	252.1K

Buyers (Bids)

No.	Vol.	Price($)
1	142687	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	472397	5

View Market Depth

No.	Vol.	Price($)
1	142687	0.018
11	3834079	0.017
11	2060063	0.016
6	399999	0.015
4	1052666	0.014

Price($)	Vol.	No.
0.019	472397	5
0.020	546158	6
0.021	1222157	5
0.022	752190	5
0.023	824149	5

Last trade - 14.41pm 23/07/2024 (20 minute delay)

ECS (ASX) Chart

ECS news, page-3

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

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

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

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

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

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

ECS news, page-3

Top Stories

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

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

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

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

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

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News