EcoPlus Inc (ECPL)

[WHITTENHALLJR]

I just looked on synergy Twitter and didn’t see anything. I wonder why it’s moving?

[pennyonfire]

Blue skies about to open here. No resistance above. Jmho.

[fink]

Nice volume today.

[trefontane]

Should see the OS reduction end of the week or early next IMO . Then the AS reduction soon after. I would expect the AS to go from 100 B to 300 mil. That doesn't involve canceling shares, that's just a corporate Adj. move not involving the Transfer agent.

[fink]

It had to have turned into a horrible investment for the Trust.
To get 4B shares says it funded the scam. I’m sure the deal Ben made was better than it sitting on the grey sheets for eternity.
It was a fast cancellation, so all parties were in agreement.
Nice shell in the right hands.,

[trefontane]

Yes I would agree. I would be curious if the trust still has some equity or they took the money and washed their hands of it. Seems if they cancel the 4b , they are cashed out. the rest are free floating common. Its funny, 3 yrs ago this would be at $.40 with that cancelation and still would be less than 10 mil MC.

[fink]

Nice low volume punch.

[WHITTENHALLJR]

Nice to see green!

[WHITTENHALLJR]

Someone flashed 200k on ask at stupid low price at 3:45 yesterday?? if they do it again, I may lose them

[fink]

A Trust never dies so long as there is some asset still in it. Whoever is the Trustee saw the offer from Synergy as a better deal than holding 4B shares @ .03 that is heading for the grey sheets one day.
Like inheriting a G4. The longer it sits on some airport ramp, the worse it becomes and fees to sit. Best dump it to someone who knows how to use it.
$750k market cap ain’t bad. I wish it were below $150k LOL

I bet Synergy paid around $50k

[trefontane]

The way I understand Synergy and ECPL is they own or bought the shell from a trust after the owner , Hicks dies. . This is not a custodianship. So Synergy owns a low float public company that they can either merge or sell with no oversight by a court. According to their filings, the float and OS are the same at 24.5 Mil, but what is held at the DTC for free trading shares is less , at around 22,5. So about 2 mill shares were never registered to trade. Not sure how they handle those.

In any case, a nice shell to have control of free and clear.

[KOmani]

Seems like all the cancelled shares were with one individual (who passed away).

It kind of seemed like another party who may own a portion of the remaining stock needed someone to clean the shell up.

But, you never know.

Could just be wishful thinking on my part that someone has a plan.

Not much talk on this one yet. Maybe he would take custodianship after cancelation?

$EATR and $NHYF in process for custodianships in Florida. $UMFG custodianship awarded in CO and now working to get old shares cancelled and OTC application submitted. $OPUS and $ECPL I am sole officer/director on both (not custodians) and have put in OTC apps in on both.

— Synergy Management (@synergymgtgroup) September 27, 2022

[fink]

So after the cancellation, the O/S will be 25m with the Float remaining the same 22.5m
Sweet $750k market cap
Should be an easy .06 shell going forward.

Wonder why he couldn’t kill off all the restricted

[WHITTENHALLJR]

Some nice 32s sitting there

[pennyonfire]

$ECPL Received the order back from the WY courts and have submitted it to the company's transfer agent for processing. pic.twitter.com/kAe4Nt7PME

— Synergy Management (@synergymgtgroup) February 28, 2023

[WHITTENHALLJR]

Can’t wait!!! I’ll be looking for dips today to add

[ColetonM]

It was already submitted to the TA, so literally any day.. it was already approved by the courts

[WHITTENHALLJR]

When are the erasing all those shairs?

[ColetonM]

This stock looks like it’ll continue to climb naturally.. OS will soon be under 30 mil…

Will catch a lot of eyes when people see it go from over 4 billion to around 24 million.

Also a massive AS reduction coming as well as per Synergy Management.

[KOmani]

Not much frontloading.

Have to wonder if someone built up a position in the past (couple years ago) and is trying to do something.

Usual iHub crowd didn't say much here today.

Will be interesting to see if any significant shares come out in the next week or so or if this just starts to climb slowly.

There has never been a lot of volume here, could get interesting.

[koolmc]

if they keep on updating then yes

[WHITTENHALLJR]

Maybe they hammer it down tomorrow >> hope not I’m in at .0385

[koolmc]

dunno just checked in eod.

[WHITTENHALLJR]

Seriously 633k shares on ask wtf

[WHITTENHALLJR]

I was just gonna put trigger on 32 where did they go?

[koolmc]

finally some nice action

[trefontane]

ECPL is not at risk of SEC. As long as they keep it current , it will continue to trade. What is wont have is eligibility to have their stock quoted by broker dealer.

You see this with many of the current stocks, specially shells.

Warning! This security is eligible for Unsolicited Quotes Only

This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.

[KOmani]

I thought there was some deadline on the OTC stocks in general.

Like after March 31, shell stocks would be sent to Grey Market or something?

[WHITTENHALLJR]

Deadline for this or the other?

[KOmani]

Isn't there some deadline by the end of March?

[WHITTENHALLJR]

I’m in his CLH_I too hope one pops

[trefontane]

Hopefully Ben can find a good RM candidate, but not the optimal market. Given the tightness in the credit markets and no appetites' for IPO's now, These should be the best most effective way to go public if that's a companies desire. Given the share structure and clean shell, this shell should attract an above average company. But all a guess now. Ben seems to be the only one doing anything at the moment

[WHITTENHALLJR]

And then what’s the plan?

[trefontane]

Outside of Ben/Synergy, who is actively doing custodianships/shells that's good.

[ColetonM]

Same here. 100%

[ANTI-BAGHOLDER]

Oh geez. I refuse to touch anything Frank related

[ColetonM]

Just be glad it’s not frank lol

[ColetonM]

Sub 30 mil OS.. looking forward to seeing this merger!

[ANTI-BAGHOLDER]

Yep. Unfortunately

[WHITTENHALLJR]

This is a Ben Synergy play?

[WHITTENHALLJR]

Added a position

[trefontane]

Even at .04, MC is still under 1 mill with a 24.5 mil OS. Floats even less at 22 mil. if you have 1.2 mil shares you own 5% of the float.

Someone been flashing 300,000 shares recently on the ask. Those will get hit quickly

[dshade]

decent buys today. folks taking positions....again

[ColetonM]

This is about to become a beast… massive share reduction

[trefontane]

Looks like court order came through approved the cancelation of 4 bil shares. This will have a 24 mill OS now.

[koolmc]

few hundred bucks at .0011 ain't a dump lol, what the other poster said most likely part of market sells from .016s

[Lime Time]

Jeez somebody got cheap shares. If they are going to give them away for free I'll put my Nets out. I can wait

[trefontane]

That had to have been a market sell. They were showing the 350,000 last week at .02. I took 50 from them. then he came back today and showed it on the ask and then must have been impatient and dumped it. WOW

[Lime Time]

.0011 dump. What was that all about?

[trefontane]

Assuming they cancel the shares and we have a 24 mil OS. The current MC is 500,000. I would expect the price to double from here just on the cancelation, to 1 mil MC minimum. But yes it will be some time before any RM, but who knows. IMO