Eco-Safe Systems USA (ESFS)

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LA, the fact remains that the management of this company engage in the release of numerous PRs that clearly turned out to be false. This went on for years, culminating in the claim of more than 19 million in revenues for one year, which turned out be completely untrue. When the company put out this false information (wording the press releases in such a way that management could later say "Oh, we didn't mean that, we meant this." doesn't cut it) it clear intended to misinform investors. Then, millions and millions of shares were sold by management to investors before the price of the stock finally collapsed and the fallacious claims became known. This lying went on for years, so why should anyone believe the company now.

Furthermore, the claims being made now, even if true, are really not a sign of anything positive going on. The company keeps on harping primarily about one big deal, and then a second. But such harping clearly indicates that there is nothing else in the pipeline. So, what is the company going to do after these few projects are completed? Nothing? The truth is that, if there was anything at all festering, management would be blabbering constantly about it. The very nature of the PRs say: "We got lucky. We got one small contract we could fulfill in a matter of months, but there is nothing else in the pipeline." A well run company with a working business model would not waste so much time harping on one contract. Instead it would announce the long stream of contract. Better yet, it would not even bother much with that. It would simply issue audited financial statements completed by a certified accounting firm with a good reputation. All this rattling going on a is clear reminder that this company is a scam.