Conman has converted all notes to pfd c shares and pfd c can convert to common at ANYTIME at 60% discount. So there is 5 billion issued and what he has in pfd c could amount to the other 5 billion which hits his 10 billion authorized...if you look at the subsequent events in K you will see how he has issued the pfd c and the list he has already promised lenders. For a company bringing in $12K A MONTH GROSS REVENUES and expenses of 500K ...well lets say Conboy business plan is to keep toxic lenders happy or Eco goes under...sad but true! Probably the reason other customers don't take Eco seriously and not offer actual contracts as who knows how long Eco can stay afloat with toxic loans and having DTC and SEC investigations.
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