>>The Directors of ECT have agreed in-principle with Monash Capital to make a placement of 300
million fully paid ordinary shares (ESI) and 300 million listed options (ESIO) exercisable at 2.0¢ on
or before 16 January 2014 for consideration of $4.0 million. ECT will seek shareholder approval
for this placement at a general meeting of shareholders, which is expected to be convened late
April / early May 2012.<<
Is this approved is it? As a shareholder I would not wish to 'give away' the shares at this price. Monash Capital are getting a HUGE discount to current SP. Yes I appreciate they should get a discount but 3 mil standard + 3 mil oppies all for 4 mil bucks. Hey... this is a rip off to shareholder. Granted we were half a cent not long ago, yet this offer put in when SP far above. Better negiators needed in this Coy IMO.
Regardless it been a good earner for 2012 to date. Big turnaround from sitting waaay below 1c for so long.
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>>The Directors of ECT have agreed in-principle with Monash...
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0.3¢ |
Change
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Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $803 | 401.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 22561000 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 8145583 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
48 | 22561000 | 0.002 |
21 | 26525034 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 8145583 | 8 |
0.004 | 9119578 | 13 |
0.005 | 5286335 | 28 |
0.006 | 5238567 | 9 |
0.007 | 2428333 | 3 |
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