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NOBODY will put on the line $5M to finance a start-up pink sheet company, unless this SH is GUARANTIED some substantial return of the initial investment. The details of this transaction should be PR-ed once closed.
Thanks rosebud05! I miss you posting on the board.
Maybe, or maybe not.
IMHO, RH needs to raise capital NOW to cover production costs on orders. (We do not know what deposits ECT gets on the orders, do we?!)
One other thing... Let us look again at the PR from Oct 26. Where will RH get the 40M shares from once he starts to exercise the options? Buy out the entire float?! I do not think so. RH will get those 27M shares back from the stakeholder (SH) at prices 0.70, 0.9, and 1.2 (thus return of 400%+ of the initial investment of the SH), and the remaining 13M shares from the float gradually over time. Of course, the PPS is expected to be well above $1.2 one year from now. Any other thoughts on this? I think that this deal with the $5M capital raise was in the cooking for quite some time now.
Again, I am just speculating here.
Yes, I agree, but hey, on the bright side, who on Earth would buy 27M shares @ $0.17, unless this share/stake-holder believes that he/she will get big return of this investment. Once the deal is closed this entity must file with SEC, because 27M shares comprise more than 5% of the OS. But, if the PPS continues to tank to $0.01 and below, I do not think the deal will close. So, there may be some PPS appreciation in the near term. We all expect more disclosure from ECT, do not we?! RH, it is your call. Make it right!
Happy Holidays everyone!
If you are to retire 25M shares, at what price would you buy them from the old shell owner, $0.10 or $0.05 a share? This is a setup, and it is almost over, if not over already.
We do not have to wait too much longer to see the outcome.
GLTA!
As of yesterday's market close, the total OS is 103,384,552 (just verified this with Stalt). If ECT retires 24,975,00 shares, as stated on the website, then the OS will be reduced to 78,409,552. Assuming that the float remains the same (42,296,157, or 54% of the reduced OS), that leaves 36,113,395 restricted shares.
Is there a possibility that the company is not just retiring restricted shares, but also unrestricted ones? I hope that that amount of 24,975,00 shares to be retired also includes unrestricted ones, so that we end up with smaller float. We wait and see (not too much longer from now).
Hear, hear!
LOL poster! Thanks for your support!
Nobody knows what is going on with this thing. Someone is messing around with the AAPU chart on the downside. I am trying to mess with it on the upside, but this does not seem to work; nobody wants to sell me 10 shares @ $1.00 per share!
Crazy market. Go figure...
It is strange what takes so long for the MMs to execute my order. I guess they will fill me in at 15:59:59! That would be a nice close! ha-ha-ha
I have a buy order of 10 shares at $1.00. I hope to be able to print out the screenshot of me being a millionaire in my etard account before AAPU heads back to 0.0001 a nanosecond later.
My order is still pending btw...
Unreal! I am speechless...
I was just admiring the chart of SFMI, that is all.
Have a great weekend everyone!
Yep! NITE is on the high bid now (always good!), VERT backed off on the ask. The last hour of trading will be interesting! It is show time!
Everything is possible. With the right news we may end up like SFMI!
You mean O/S is 85M, not the float.
Is AAPU going to be the next SFMI? I certainly wish so!
I may be wrong about my prediction. I hope I am wrong.
SBSH has been very supportive on the BID today! Buckle up!
I think that EFFC is trading on its own merit today. So far there are 126K in buys versus 80K in sells, and the price is up 23%.
0.10 IMHO!
I agree! LII looks like a Christmas tree!
Perfect! That makes exactly 1.0MM shares traded AH since the name change. I think that the AH trades are over. We will see tomorrow... I hope I am right this time.
The same thought crossed my mind too. Does this mean that there will be another price drop tomorrow?! I hope not. I am tired of averaging down...
GLTA.
I have heard the same thing too. RH is in NY on some important business matter btw!
Just got off the phone with Stalt.
As of Dec 13, the O/S is still 100,527,410, i.e. no change in the last 2 days.
ECT Saves Lives With Drowsy Driver Detection Technology
LONGUEUIL, QC, Dec 13, 2007 (MARKET WIRE via COMTEX News Network) --
Effective Control Transport, Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com), a leading provider of global Telematics, location-based solutions which specialize in technology that monitors a driver's vigilance, today announced that its FOLO CRAM I technology with real time monitoring of a driver's level of attentiveness and drowsiness is now available worldwide within the FOLO suite platform.
ECT will begin the process of delivering on its LOI contracts in the trucking and transportation industry and continue to work towards licensing agreements with automotive suppliers of OEMs in the car and light truck industry.
"With governments around the world taking notice of our fatigue monitoring technology we will find more and more laws being passed like the one presented in Australia which will allow companies using advanced fatigue management products to log up to 12 hours driving before having to take breaks. These types of laws will help accelerate our time to market, which in turn will help save more lives," said Raphael Huppe, CEO of Effective Control Transport.
ECT is an information technology firm that has developed fully integrated solutions for trucking and fleet management along with the highest level of technical expertise which enables it to service a wide range of customers, providing tailored solutions.
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Raphael Huppe CEO investor@ecnholding.com 514-940-7587
SOURCE: Effective Control Transport, Inc.
mailto:investor@ecnholding.com
Copyright 2007 Market Wire, All rights reserved.
NEWS OUT!
Thanks, poster! I wish I had some gunpowder too to do this kind of tests!
I am out of cash for
I like the last trade - 50K at 0.005!
I tend to believe so too. The total of AH trades since Oct 18 is 6.14MM shares.
How do you know?
It is huge indeed! DWP, Defireman, and all other non-believers can order their FOLO CRAM right now!
And, as for FOLO CRAM II, it is just a software upgrade, which is better than I thought!
Way to go!
Thnaks for the heads up!!! I see that the FAQ section on the company's website has been updated.
Wow, we have got quite a few trades today! Something is brewing. Hmmm...
No, it is just an email address to reach the IR department.
In the past I have sent email inquires to this email address and received responses.
Info America <info@americaasiapetroleum.com>
I agree. What we need is a good PR and we fly!
GLTA!
I did what I could, and I am out of cash now...
You can buy EFFC shares, but you cannot sell your existing MCCY shares for a few days. That is why we uptick so fast. I bought 5K shares at 0.095 today, and then the MMs increased the ask. So, the rest of my order 8.47K went through at 0.105.