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"is the market cap of $87K from otcmarkets accurate?"
The 'real' value of this POS is probably closer to $87.00 lol.
GLTY and JMO
"Not very ethical however."
Funny how so many expect known financial predators to have morals and ethics?
GLTY and JMO
"Thankfully the company does not have a history of doing multiple reverse splits."
Unless you view all 51 of Neah Power's (now XNRGI) corporate actions in ascending order from Feb 2001 to date LOL.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=vQtLmKBoRGcbAHY1El6Qag%253d%253d&nt7=0
LOL...what do you think "deleted" means on FINRA's deletions list??
http://otce.finra.org/DLDeletions
"Hopefully the SEC is after the insider that traded the 41,000,000 Shares before trading halted."
Neah has not been under SEC regulatory juristiction since they filed their Form 15 to un-register??
Neah Power (NPWZ) has been delisted by FINRA (no longer publicly traded or SEC registered). Old NPWZ shares are being exchanged for shares in the Nevada Domiciled XNRGI Corporation (to those who qualify).
Check with your investment advisor or accountant to see if you qualify.
http://otce.finra.org/DLDeletions
Maybe a better question, what would ECOS share price be worth if those dots were connected, which in application they are, just not reported?
Don't forget that also not reported were the default interest and convertible note interest accrued for the last 4 quarters (that must be calculated as of the end date of each quarter) and dumped onto the pile of shareholder liabilities already there. COMPOUNDED death spiral dilution, whether reported or not. Who knows what they amount to or how deep the ECOLOCAP hole really is at this point?
GLTY and JMO
"LRS is the King here when it comes to the “Art Of The Deal”..."
Sorry but ECOS shareholders own no part of any LRS 'deals' other than their interest in ECOS/Bio-art LLC...as set forth in the agreements from 2 years ago?
GLTY
There is absolutely nothing 'scam' about the digesters, LRS, or the private JV (ECOS/Bio-art LLC) established by LRS's astute attorneys to keep LRS at arms-length from ECOLOCAP solutions (ECOS), the public corporation.
Sometimes the naive get confused when buying penny stocks and reading legal documents.
It will be 2 years in December since the JV agreement was first published. ECOS has yet to report any revenues or assets from those agreements (or any other agreements)??
GLTY and JMO
"do I know a thing or two or do I know about a thing or two.."
Maybe you can explain to everyone what portion of all that equipment is actually owned by shareholders of ECOLOCAP Solutions (ECOS)?
According to filings, ECOS has approx 15 billion shares outstanding and another 10 billion set aside for past obligations to toxic note holders and warrant holders? What is your current estimate of the actual worth of 1/25 billionth of ECOOLOCAP solutions ????
The word SCAM doesn't even begin to describe the situation here IMO.
GLTY
"why are they not reporting quarterly financials?"
They cannot file quarterlies until they supply the SEC with the (late) audited 2017 10-K ...and they likely don't have the money for an audit?
The nice thing about the internet and social media is that it has allowed whackos to search out and locate other whackos with like interests and opinions. ECOS's current pps is a good example of what happens when the general population is not fooled by whacko opinions and hearsay.
JMHO
Yes...and many investors are obviously still believing the innuendo it created lol.
Sorry but that newswire release was shown to be FAKE?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144292568
Funny how scam pinky stock's like SGSI always succeed in paid powerpoint or video promotions but almost never in 'reality'.
GLTY and JMO
Apparently they may have closed their output sales location? I think deal_guy posted he had dropped in recently only to find it gone? You might check his recent posts.
found it!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143896816
"not my problem.
got bigger fish to fry"
Yep...busy BTO.
GLTY
"Wait a minute, the first link shows LRS having pictures of an ECOS digester at their California Avenue plant on THEIR website. The second link shows filings with the SEC shows an agreement between ECOS and LRS if you read from 2016 forward. And the video shows the ECOS digester operating at a daily capacity between 12-15 tons."
You should read the 2016 contracts more carefully as your statement is somewhat incorrect. LRS and ECOLOCAP formed a new PRIVATE LLC (ECOS/BIOart LLC) through which all digester purchases by LRS (and others in the Chicago area) were to be made. LRS purchased their digester from the new private LLC, not ECOLOCAP, and any NET PROFITS on all equipment sales by the LLC are to be split 50/50 between ECOLOCAP and LRS (after each fiscal year accounting of the private LLC). The video therefore shows an LRS's digester operating at a daily capacity between 12-15 tons". ECOLOCAP has no stated revenues, or assets, per their filings.
The ECOLOCAP Solutions (that you own shares in) does not own part of any daily collection or processing of organic waste materials anywhere. When and if LRS decides processing organic waste can be accomplished at a profit, they may order more machines??
Sad reviews? Unless you have ED and need a cheap fix lol.
https://www.yelp.com/biz/satel-san-francisco
If your shares are held 'in street name' (per your broker agreement), that is true.
"It will take more than miracle to come back. I give it 10-20% chance that it ever will."
You are being generous IMO.
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It is simply too painful to acknowledge,,,even to ourselves...that we’ve been so credulous.” — Carl Sagan
Until a qualified private enterprise can prove that recycling of organic waste can be 'accomplished at a profit', municipal mandates like this will continue to fail.
ECOS is not a qualified enterprise financially capable of accomplishing anything at this point.
GLTY and JMO
Well said!
Just looks like two scams entering an MOU to become a bigger scam LMFAO. It should appeal to the group that were dropped on their heads as children and I'm not sure how large that group is anymore?
GLTY
This "preliminary plan" will never cut it with NASDAQ or the SEC. Just wishfool thinking
GLTA and JMO
Very strange that FINRA's processing of the R/S took 10 1/2 months????
Something unusual must have delayed it? Hmmm!
Only the most naive of fools will try to make money trading this POS turd.
JMHO
Actually is shows ECOS in default on it's NV business license (as of 3/31//2018).
https://www.nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=Q0VDOpN%252fgIK1biNqZr4fnw%253d%253d&nt7=0
Proof could easily arrive in the form of a 10 day SEC trading suspension while everything gets sorted out. That would be the best way to protect shareholders.
JMHO
Of course not...ECOS is a delinquent filer and cannot issue any new shares thru the T/A.
Wrong...SIML just merged with 'oblivion' and the O/S count in the 10Q was correct after all lol.
GLTY
What real sales has ECOS reported in their financial statements to date??
ECOS Sales are ZERO until they prove otherwise.
GLTY
If nodummy says it was FAKE...it was fake. And the SEC listens.
GLTY
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144292568
This coin has the same face on both sides...Scott Sand!!! It's a con, not a coin. Anyone pumping SIML is a financial predator same as him.
GLTY and JMO
Did you miss this stellar DD?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143922399
Then they lied to the SEC about their O/S in their last 10Q?
Not good!
Have fun in the grey sheets!