After reading page 32/33 section b of the full year results it lists ECT's plans for ongoing funding. My understanding of this plan is Monash have given ECT the opportunity to draw down on a convertible loan of upto 6 million dollars when funds are needed until they arrange the 4 million originally agreed upon. It seems the 4 million is still coming but in the mean time you can get cash when needed. This is a bit confusing to understand and I ask holders to read that entire section and post there thoughts. It also states this contingency funding is to be voted on at the AGM this November. I feel this whole scenario has not been explained properly am I alone on this one?
understanding
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