So I wonder if we'll hear something soon about the ELF Loans - less than four weeks before they are due and no glimmer of a prospect of a SP that would justify paying out the loans. Maybe ECT will come up with a cunning plan to somehow keep them in play - they have before. On the other hand, maybe ECT and/or the major shareholders would rather have the shares resumed by the company.
Like quite a few here I turned my ECT investment that was already in the red into an absolute disaster by allowing myself to be persuaded to pay out a significant amount of ELF loans in return for the 30% discount - didn't seem like such a crazy idea when it looked like the India Project would be signed off any day. Throwing good money after bad! Basically destroyed our retirement savings.
GLTAH.
ELF Loans / ELF Shares
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