ECT environmental clean technologies limited.

ect funding, page-6

  1. 806 Posts.
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    CT

    "Key part also is the 1mil ""accepted"" to keep DFT rolling in lieu of delays which is a key objective - money which we are not out of pocket for."

    $1 mill in exchange for 15% interest (is that 15% full stop or p.a.? - if the former then 30% p.a) + 5% fees.

    Considering the 15% is payable up front - you would assume on the full amount.

    So 15% + 5% = 20%

    OK - give us (ESI) $1 million and we will give you $200,000 back + your $1 million = $1.2 mill. Not a bad return for a 6 mth loan!

    ....and "we are not out of pocket"?

    Where do you think that $200,000 comes from CT?

    Unless, of course, am I reading it wrong???

    K


 
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