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Now can we move on past this subject. It is good to get out and stretch my legs. :)
The agreement you have refered to in April 2007 is very clear Please note the very first sentence in #3. It says upon achieving. Obviously it wasn't acheived and now officially cancelled.:
3. COMPENSATION. ECO shall compensate Consultant $150,000 (one hundred fifty thousand dollars) for the services provided as set forth in Section 4 of this agreement upon ECO achieving a quotation listing on the “Pink Sheets”, which is a quotation service for market makers. Consultant is not providing any form of legal consultation or legal services. Compensation is for knowledge based consulting services and strategic business relationship introductions, as set forth in Section 4 of this agreement.
4. DUTIES AND OBLIGATIONS OF CONSULTANT. Whereas ECO desires to obtain a quotation listing on the “Pink Sheets” and whereas Consultant has both knowledge and professional contacts that can facilitate the process of requesting and obtaining a quotation listing on the “Pinks Sheets,” it is at the request of ECO that Consultant shall have the following duties and obligations under this Agreement:
4.1 General Business Consulting. Consultant shall assist ECO with general business consulting services. Such assistance shall be on a “best efforts” basis. Services shall include but not be limited to assisting ECO and ECO Management with various projects and business management services. In addition, consultant will provide services relating to business structure and organizational management, corporate planning and strategic growth management. Consultant will utilize its knowledge, skills and business relationships to facilitate the process of applying for a quotation listing on the Pink Sheets. Any services rendered by Consultant under terms of this Agreement shall NOT be for capital raising or making a market in ECO’s stock.
Is it not the goal to buy low and sell at a higher price? There has to be sellers in order to allow the buyers to come in. If there is no stock available no one will show up and waste their time to try to buy a stock not available.
Can I hear 4 million. This is great. remember everyshare sold is bought. So ADCS is getting someones attention. It certainly has mine.
Lets go for 3 million.
OK now we are talking. Got to have sellers to have buyers. Let's hit 2 million
Common ladies and gentlemen. Can we hit 1 million shares today?
What I want to know who is doing all the buying? Remember all shares sold have to be bought.
Come on baby give up those shares.... I love low prices, when I am buying.
Any one got an L2. (Like I know what I am talking about)
I think it is quite evident those that have the stock are holding on to it. Come on and let some others have a chance to be part of the new directions.
150,000 shares. Come on sellers make it available for the new people to get in.
Not true. I think they have the ability to multi task or they would not have been chosen.
I also talked to my friend who is an atty and have been offered pro bono legal counsel to assist the local counsel being secured. Bottom line is there is going to be a defense. Funding and personell already lining up. I welcome all others ready to lend support both physically, financially and emotionally. You can call the new cmopany numbers as soon as it is up and running. I am calling them to offer to coordinate and assist however I can.
The law suits are real and the default judgement is real. The point is the company's new mgmt is mounting its defense which in my opinion was not counted on.
pretty quiet out there. Let's talk about adcs
Shebe I cannot believe it. I was just called by a company rep and this was the conversation from an open question I left:
"I called the clerk of the court in Nevada this afternoon and the individual I spoke to advised me that the Judge has not made any rulings on the motion that we submitted as of yet. With respect to the status of the case, the clerk stated that it is still pending and they are in receipt of the motion. The clerk indicated that the motion was not denied; this must be hearsay."
Can you believe it. ADCS is mounting a defense. I bet that wasn't counted on. One step at a time, one challenge at a time, one success at a time.
1.26 million shares. Somebody is interested!
Action today. WOW every share sold had to have a buyer. Someone is working I wonder what Jared is up to now.
It would appear so. Can you help me with some accounting I have only 3 posts left so they may be a little longer.
If the company sells stocks to raise capital... is that considered taxable income?
Further if the old ADCS company execs from several names ago take that money that was raised and did put it in there pockets without paying taxes on it or declaring on their personal income tax returns who do you think will be in violation of tax laws?
One more for now, if I have a personal tax issue, who is responsible for it in your opinion?
Well I think the bigger point is that even though the number that was given before was a VM box, someone from the company contacted me and was very nice. Seemed sincere and willing to answer what was able to be. Of course the new number becomes effective I think tomorrow, but just in case it does not don't anyone panick.
Great and thanks for the interpretation.
I called 702-966-9413 the number on the PR dated 2-19-08. Yes it was a vm box. Anyway I just got off the phone with someone who said they were with ADCS new management. I asked them several things of which they said they were not prepared to discuss at this time, but they did tell me Per the IRS there is NO back taxes owed or liens showing and that the new management prior to signing on looked into this issue and was satisfied that NO fedreal tax issues existed.
I would further say that the chances of a pink sheet company having tax liens would be pretty slim as most incur losses over most years and never pay or build up tax liabilities. Am I thinking correct?
Shebe thanks alot I hope that helped more than me. Can one assume by this then that there are more than just the few of us chatting watching ADCS company's stock price?
Somebody just emailed this to me. Can anyone interpret. It is greek to me. Good, bad or ugly?
NITE .006 10K 2.31 *SSGI .0065 50H 50Hx50H 2.33
*SBSH .005 50H 9.30 *HILL .01 50H 50Hx50H 2.31
*ABLE .004 50H 2.31 *NITE .015 10K 10Kx10K 2.31
*SSGI .004 50H 2.33 *VFIN .015 50H 50Hx50H 2.33
*HILL .003 50H 2.31 *HDSN .05 50H 50Hx50H 2.31
*VFIN .003 50H 2.33 *DOMS 1.01 500 50Hx500 2.31
*HDSN .002 50H 2.31 *SBSH 100.00 200 50Hx200 9.30
*DOMS .001 50H 2.31 *ABLE 2.31
Shebe the last I checked in the stock market process in order for someone buy ADCS shares doesn't someone have to sell? I do not have a way to tell but is there any offers to sell? I see other boards talking about level 2. Do you have that?
All speculation as far as I know. ADCS could be something, But then again this is the Pink sheets where speculation and rumors fly. No one should take my posts as anything but that. I think that should be true for all other posts. Things that make you want to go HMMMM
I just had a thought then off to bed. Maybe Shawn should look for a consultant or two from the board. Seems we all know how to build his business better than he does. Chicago is not that far away from Lima. After all back in the day Lima was know as Little Chicago. Anyone know a good stock guy in Chicago that would volunteer for the job.
Now we have a new term. Reg D. What is that and how do I see if this applies to ADCS. Please confirm with real proof. More talkie talkie no walkie walkie
Old news my friend. Would you be so kind as to give me an example of a PS shell available that has not rs and have unhappy shareholders. I think I mentioned it earlier that I got bit with T, LU, KMart Conseco,Dana so you see the strategy is just that- a business stragety that is legal just like bankruptcy is. I guess I thought I was just out maybe I will hire a Chicago Lawyer and file suit against them. Know any?
respectfully you have no idea what you are talking about. How is Chicago?
Well Blackmac and BPappa I missed some very good points. The night shift is killing me.
I have been around for a little while. One can file an SB2 and it will take anywhere from 18-24 months and well over $500K. Unless you have a shell business fluff financials, but if it is an operating business it is an undaunting task other wise everyone would do it and no shells would ever change hands. Anyone who says different is lieing and trying to sell thier own service. Trust me I know and have been there.
As for the 15c211, try to find a market maker to file that for you when they by reg cannot charge for thier service. Again, if it were this easy everyone would do it and there would be no market for shells of any kind. I will say it again anyone that disagrees with my statements are IMMHO lieing. One would think that with all the things to do in the suburbs of Chicago, one would be able to entertain themselves other than posting on chat boards. Think about it.
Hey Blackmac. Do you see the pattern? Never any substance just fluff. I quess there is fluff and POS all over the PS market one has to be aware of and careful not to fall into the traps of unsubstantuated incinuations. I love it how all the fluff just talks about vague topics and when questioned no real answers. Stay focused and don't get conned into something not real.
I am confident the company's corp counsel knew what they were doing. Thanks for being so concerned.
I think anyone watching this discourse now will understand just what is going on with ADCS and all the posts.
Real people, real business and real intent. Successful or not, time will tell but I bet they will be.
Then I guess you will be right and the company is doomed to fail. I am confident the regulators will deal with all of your concerns appropriately and in time. Until then I think the best course of action for mgmt is to work hard and bring value to the shareholders. Do you agree?
Would you care to give me their names and numbers so I can confirm your accusation? Open discussion and transparency goes both ways. Allow me to confirm one of the accusations made and I will shut up.
I am curious enough to continue the conversation. Why do you feel the company owes you an explanation? If you are a shareholder you should call the company and ask them. Did you ever think that perhaps the "company" that sold the share entered into a "private and confidential" transaction. You are asking for info that even reporting companies are not required or going to give. I have told you before that Carnes? has no place in this company.
You can save your PM's as I am not a paid poster so anything you wish to post just do it out in the open.
Important point that has been confirmed is that someone must be on it. At least there will be a defense not counted on.
Is not America the land of the free and home of the brave? Looks to me like the ADCS crew believes in the American dream and willing to put much at risk to chase it. Sure glad we have watchdogs to save us from ourselves.
I have determined that I was not going to respond to you but these incinuations are so outrageous I did not want to let you hanging. It the shell was stolen, being delisted is the least of the problems. Get real.
Here are 2 companies in Europe that have been dealing with the enzyme issue for many years. I am not indicating they are related to CUCO, but only to give an idea of the type of huge market CUCO is working with. CUCO is a real company with real people and real intent on building a much larger company with value for the shareholders over time.
http://www.novozymes.com
http://www.genencor.com/cms/connect/genencor