Eco-Safe Systems USA (ESFS)

[lytnup]

I can't speak to others' definition of "false statements", but anybody who wants to look over the entirety of ESFS's press releases can do so here:

http://www.ecosafeusa.com/pressreleases.php

For example, these two, from years ago:

http://www.ecosafeusa.com/pressreleases0608.php#SupermarketInitiative

http://www.ecosafeusa.com/pressreleases.php#Pending%20Record

Could a reasonable investor feel that EcoSafe misled the investing public, or made false statements, after reading those two press releases and comparing them to the actual (unaudited) results that the company actually delivered for those time periods?

The question, in my mind, has never been whether or not the company has potential; it has always been about reconciling the company's projections with actual results. The inexorable, immutable truth here is that Michael Elliott has failed to deliver on most levels anything close to what he projected. The share price, and the lack of financial & corporate transparency here are simply a result of that disparity.

Unless Michael Elliott was held at gunpoint, and forced against his will to issue the press releases, he (and only he) is solely responsible for the company's current state (and dismal share price). And only he can fix it:

by delivering real results

opening up the books / getting current on filings

and buying back the float.