that's nice - bang!, page-79

Very valid points there Kranky, Thumbs Up from me.


Now "if" Monash Capital are capable of securing 6mil funding and provide it in the form of a converting loan, that will obviously have to be paid back. Hence, the vote at the approaching AGM.


If DFT's are complete by then or thereabouts after, the ECT board may well have another way of paying back (i.e. Capital raising) any monies received rather than issuing the proposed contingency placement.


Would SH's prefer further dilution, especially if the SP miraculously starts to rise toward the 2c mark? or would they be willing to participate in yet another CR to cover whatever monies ECT have drawn from the converting loan?


It is a conundrum...off course this all centers on whether Monash secure their own funding to begin with - so the whole thing could be moot come AGM time.