202120,
ECT has valuable patents, but is bleeding money. The Auditors have quantified this and have queried whether it is a going concern. This raises potential legal liability issues for ECT Directors and invite ASIC inspection.
You say which shareholders would agree to a fire-sale at $20 million. Then, why not $40 million?
I think a more relevant question is which shareholders are willing to throw in more money?
IMO, ECT is holding out for Latrobe Valley money. We may get this money, or we may not. And financial criteria are among the criteria to be applied at the EOI stage.
IMO, ECT is faced with 4 choices in the short term:
Raise capital
Cross fingers and hope for LV money
Quickly license patents to international majors in coal and steel
Find a white knight, or negotiate with bidders to sell the company at the best price.
share price, page-82
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $59 | 29.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 31026071 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 12757985 | 13 |
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| ECT (ASX) Chart |