Just got my email - Can anyone translate do we have to pay or not pay? I got suckered into paying half and and have a bit less than half my loan left,EQUITY LENDING FACILITY (ELF)
Dear ELF Borrower,
We have passed the expiry of your three-year ELF Loan, which commenced on the 31stJuly 2017, and expired on 30thJuly 2020.
A summary of your closing ELF Loan balance at Expiry is set out below:
LoanNumber
1 Holder Name
2 Number of Units Financed
3 Loan Balance at Expiry (30/7/20)
4 Loan Commencement Date
31/07/2017
Loan Expiry – 30thJuly 2020 and repayment of your ELF Loan
Given that your ELF loan matured on 30thJuly 2020, all monies outstanding (principal, interest and fees) are due and payable to ECT Finance.
If your ELF loan was repaid prior to this date, ECT Finance will release the holding lock and PPSR charge that is held over your ECT shares and transfer them to you. The board of ECT Finance has decided that for those borrowers that had a lower principal balance at the end of the loan term compared to the start, the percentage decrease will be applied to the number of shares held as security and resulting number of shares will be released to the borrower.
In doing so, your liability to ECTF on the outstanding loan amount is extinguished.
Should you have any queries, please contact ECT Finance via e-mail:[email protected], before 5pm on Wednesday 5thof August 2020.
Sincerely,
- Forums
- ASX - By Stock
- ECT
- ELF Expiry Notice
ELF Expiry Notice
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ECT (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.68M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $215 | 56.20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 27546312 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 6356048 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 25546312 | 0.003 |
19 | 12229201 | 0.002 |
14 | 23305024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 6356048 | 6 |
0.005 | 7787461 | 33 |
0.006 | 5756238 | 14 |
0.007 | 1349334 | 7 |
0.008 | 173913 | 2 |
Last trade - 14.02pm 30/05/2024 (20 minute delay) ? |
|
|||||
Last
0.4¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
0.4¢ | 0.4¢ | 0.4¢ | 126000 | ||
Last updated 12.10pm 30/05/2024 ? |
Featured News
ECT (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online