Bellow is from quarterly. Wonder if they are required to give back 50,000,000 if funding, project acquisition does not go through? Which I believe it hasn't. Who's ECM?
Andyno3 your right no money by now I would imagine.
"Non-cash financing and investing activities
2.1
Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
Announced 1 March 2016, the company placed 50,000,000 ordinary shares each at 1 cent ($0.01) in escrow held by ECM (Nominees) Pty Ltd pending the finalisation of confidential agreements on funding, project acquisitions and/or vendor consideration to un-related and un-associated parties."
CDB Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
