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Friday, February 20, 2009 9:40:19 AM
Ces borrowed from Cardiff Bay is holding as collateral certain intellectual property of Ecoprogress and contracts between Ecoprogress and API.
AP1 left and was replaced by PYCT...they could be the HK group who bought privately April2008..
What they paid would be nice to know since promotion of 0001 shares began May2008..
If they happy getting people in at 0001...I highly doubt they paid 0001...
Cardiff Bay is holding as collateral certain intellectual property of Ecoprogress..so they have to be involved they hold the goods.
Ecoprogress borrows $200,000 from Cardiff Bay 2008-02-21 15:18 ET - News Release Mr. John Banks reports LOAN FINANCING Consolidated Ecoprogress Technology Inc. is arranging a secured loan agreement with Cardiff Bay Holdings Ltd. of Hong Kong, a boutique private equity finance company, for a loan facility of up to $200,000. Cardiff Bay (the lender) has already made payments on behalf of Ecoprogress in excess of $100,000 including payments to auditors. Cardiff Bay is holding as collateral certain intellectual property of Ecoprogress and contracts between Ecoprogress and API.
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