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"Is LRS providing the packaging machines supplies and manpower to process orders?"
Read the contacts again? LRS has no responsibility regarding Plantonium?? Their responsibility ends with their delivery of the ECOS supplied containers filled with digester by-product, to a location designated by ECOS.
As of July 10, 2018 ECOLOCAP has issued 11,558,460,551 new shares (since signing the JV agreements with LRS on Dec 26, 2016).
That's 11.5 BILLION shares sold with nothing tangible to show for it?... and few progress reports?
ECOS has supplied little information to shareholders and has a big red STOP SIGN on their listing @ OTCMarkets.com?
Shareholders should be LIVID?
LRS, during the same period, has demonstrated rapid growth as a private recycling company (and ECOS shareholders own no part of LRS's business). I'm confident ECOS has sold little other than it's HUGE POTENTIAL, as expressed by anonymous posters on social media?? When 'demand' far outstrips 'supply' don't most legit companies shout it from the rafters?
From the T/A 7/10/18
Authorized: 25,000,000,000
Issued: 14,807,832,202
Restricted: 3,656,163,534
From the T/A - 12/30/2016:
Authorized: 10,000,000,000
Issued: 3,249,372,998
Restricted: 3,115,063,534
GLTY and JMO
"they are waiting for the merger wave to pass over and use it to their advantage."
What is your point? And who/what were the sources for it?
"Our patented low cost technology maintains the nutrients from food scraps before they become waste. Waste management companies, communities and farms are using the technology to dispose of organic waste without odor, sewage output, and create a secondary revenue stream."
Another very misleading statement? The tech is "patented", but the patents are all owned by another company, not ECOLOCAP. ECOS lists no patent ownership in any of their SEC filings to shareholders? DUH!
ECOS has a big red STOP SIGN on the OTCMarkets web site for a very good reason.
That's just part of Siegel's scam promotional material to bamboozle naive and uninformed investors into thinking ECOLOCAP (ECOS) actually owns something? Don't you think that if they honestly owned any part of that stuff, it would have been in their SEC filings the last few years and listed as a corporate asset. DUH!
Your shares are overvalued @ .0001 IMO
ECOLOCAP shareholders own no part of any of LRS's recycling services?
LRS is not a public company and neither it's services nor it's stock are the subject of this ECOS forum?
What specifically do you think you own a piece of as an ECOS shareholder?
GLTY and JMO
"Peeps on this board are finding more out researching than management is not wanting to mention publicly. That's how I've came up with the conclusion we just might never hear again from ecos."
I agree. ECOS is being super quiet for a reason (and not a good reason IMO). REAL DD is finding out what a company's management doesn't want you to know, not what they want you to know, which is seldom, if ever, hidden. Management must avoid BK or a class action lawsuit as either could lead to 'depositions under oath' which could expose fraudulent actions and 'personal liability' for the corporation's debts. They are the ones that negotiated and sold the death spiral toxic notes and 15 billion shares over the last 8 years with nothing to show for it. Shareholder survival here is not just about the digester tech, LRS or hope.
GLTY and JMO
"yet i am still here and so are you."
I only drop by occasionally to see if a class action lawsuit or BK is being discussed. I'm not sure if I care why others are still here?
"As an added bonus went by ECOS at 1015am. Three cars in the parking lot a pick-up, an SUV and a compact car. Lights were on in the front of the office, but the door was locked. Nobody answered the door when I knocked though there were people in the office. I view this as evidence that they are still alive and doing something."
Thanks for stopping by DG. Sounds similar to the old Hanscomb K operation in Barrington where Siegel had an empty desk in the corner with business cards and take-one brochures LOL. bobbarefoot visited that location and reported it to the board early on in this 'project'. Someone else posted that Hanscomb had also moved to the new location you visited and ECOS (Siegel) was only sharing it again?? That sounds like about what you ran into this morning. Oh Well.
Did you see anything that looked like a training center for Jump Rope franchisees LMAO?
GLTA and JMO
ECOS has a long, and well documented, history of never failing to disappoint it's shareholders. $75 Million in investor funds gone 'poof'...ZERO assets left.
GLTY and JMO
"Are they using convertible preferred instead of notes to dilute? I have now seen a couple of tickers where former toxic note holders have switched to cumulative preferred convertible into common (at a discount). They are betting that if they hold onto the preferred for six months they can get around the new investment intent rules which have chilled the conversions using notes."
DG...when do you think they may have started using preferred and when would the six month holding period likely be up?? Could Siegel and Kwak be selling some of the preferred they previously gifted themselves to Fife (at a discount)? and then he converts and dumps to the 'run chasers' @ .0001?
ECOS can't register or issue any new shares as long as they are delinquent, yet shares keep coming?
The rumor is they have 'partnered' with Halliburton, so you have to include all of their employees in any predictions lol.
"Textbook Nevada share selling ploy."
Yep, once that's confirmed, any serious investor's DD is finished right there LOL
Check it out yourself!
ECOS owns no part of LRS's recycling business or municipal contracts? Nor does it share in the subscription fees covering the collection of organic waste?? The only by-product LRS mentions for sale are their 4 grades of "mulch". I don't believe ECOLOCAP gets any part of that product either, since it existed before their DEC 2016 contract? LRS appears to have reached it's original goals of offering their clients a composting component in their contracts and has likely accomplished it all at a profit, without any exotic by-product?
The big question is what has ECOLOCAP (the stock you own and the topic of this forum) accomplished?
GLTY and JMO
https://www.lrsrecycles.com/reasons-landscape-mulch-company-chicago/
"We are waiting for not available slot fill in Soon: I bet "A Thousand poisonous snakes" this thing will split heavily. Assume Float is 400M. Do the math Or even 1B."
Your MAFF appears to be AUF? Among other things!
Let's cross that bridge when we get to it? Maybe after the meds wear off.
GLTY
Blah, blah, blah, blah blah! This is not the Halliburton or GE board?
"Once SGSI hits the daily list with the split it will be pretty obvious what the reality is."
LOL...another Nevada corporation doing a R/S...how wise does an investor have to be to avoid getting involved in that combination?
"Looking for any investor with expertise in SEC regulations, I have a question I like to propose to them."
Just go to the board below...type in SGSI ticker symbol and ask your questions...best un-biased info available IMO.
https://investorshub.advfn.com/DD-Support-Board-and-Fraud-Research-Team-19670/
If what 'you' say were true, and ECOS was trustworthy to it's shareholders, then why wouldn't they tell all shareholders about the 'diamond' at the same time? And shout it from the rafters rather than dribble it out through innuendo from unwitting mouthpieces on social media?
Just sayin!
"Oh no no...we have some really solid intel on this one."
LOL who is 'we'? I hope you negotiated an expense check up front from Siegle, Kwak and Fife for a trip to C town.
GLTY and JMO
Who knows?
There are a gazillion ways for scam CEOs, their scam attorneys and their scam toxic funders to scam naive penny players. Thinking you can beat them is the equivalent of thinking you can get 4 buddies from you local Gym together, challenge the Golden State Warriors to a BB game, and WIN LOL.
GLTY and JMO
"Breakout boards, ask and even volume mean little today."
LOL...then why are 98% of all posts to this board 'about' those things and not about 'real' DD?
"Indeed"
So you're sayin ECOS is not yet an 'investable' stock and won't likely become one until it seals a merger with LRS, or reaches the top of the breakout board where it will appeal to more naive penny players and 'run'? Apparently a move up the breakout board can be accomplished quickly by an orchestrated effort involving nonsense posts?
GLTY and JMO
"Indeed. Normally; at 14 million shares issued...its oblivion. This is like a "1-off" situation. If there was not lakeshore...nobody would be buying this."
So if they got rid of Lakeshore, more experienced traders would ignore the bloated S/S (14 BILLION, not million) and might start buying on thin air like they usually do? Is that what you're saying?
Is there any money in being a perpetual optimist for a scam stock? None of them ever seem to stay in business?
"I do think there is a pop in ECOSs future."
If you've studied all the filings and contracts between ECOS and LRS, how can you 'logically' conclude there could be a pop in this stock anytime soon? LRS was to buy it's first 8 digesters from the JV, not ECOLOCAP. The JV is a private LLC and does not have to 'file' or 'PR' anything? In June 2017 LRS predicted it would likely take until 2020 before their planed 8 digesters would be operational. I see nothing from LRS to indicate their long term plan has changed (other than message board imagination). ECOLOCAP's gross revenue from their portion of the mark-up on those 8 machines (after a 50/50 split with LRS) can be reasonably estimated at around $800,000 thru 2020. The contract also called for that money to stay in the JV as ECOLOCAP's capital contribution to the JV...so little or no cash flow is likely to ECOLOCAP from the JV before a Jan 2021 distribution??
Just curious what your rational might be for a "pop"? TIA
GLTY & JMO
"It is simply time to file & let it do what it should be doing."
Yep...jumping up and down yelling Whhhheeeeeeeee before a goal is scored is kind of a waste.
LMFAO!
LOL...If that's a prediction, it's definitely as valid as other wild predictions here.
JMO.
CashValue...Thanks for re-posting nodummy's opinions. I have been following his research for 10 years and have never found any of his unbiased conclusions to turn out wrong?
"LRS isn't looking to go public and if they were they definitely wouldn't want to reverse merger into a heavily diluted Issuer like ECOS. The ECOS shell carries no value at this point because the float is so big that it is extremely difficult to get the price off of $.0001/share. If you can't move the price you can't use the Issuer to raise any money. The toxic debt situation for ECOS is beyond repair barring multiple (at least 2) reverse splits, but even if they do get the toxic debt situation settled, there are still a lot of other liabilities on the balance sheet."
"People ECOS owes money to are going to want to get paid and it appears that the only way for ECOS to raise any money is through toxic financing which will just cause a repeat of the debt/dilution situation which caused ECOS to get stuck on $.0001/share with a float of over 11.1 billion in the first place."
50% on every single unit that will "ever be sold in the U.S. or Canada". So...valuation looking very good.
Not really as neither ECOS/BIOart LLC, nor LRS, are the manufacturer of the machines, the NET PROFIT (sales mark-up on each unit sold within the 150 mile radius of LRS) should only be around $200,000...my guess...not a huge amount of revenue in the near future but could be over time for ECOS, should they get some other machine sales?
GLTY and JMO
Call the JV's accountants for that one LOL.
The problem with those valuations is that the first 8 machines are to be ordered from, and sold through, ECOS/BIOart LLC (the private JV), not ECOLOCAP? ECOS only gets allocated 50% of any NET PROFIT on machine sales at the end of each fiscal year (from the JV's accounting results).
That's the way I read the contracts!
"This happened almost a year ago."
It was not reported by ECOS until Dec 22, 2017
https://www.sec.gov/Archives/edgar/data/1290506/000172171617000056/0001721716-17-000056-index.htm
"The company has obviously been able to make those payments or they would have filed for BK. They have other sources of revenue."
And your other revenue sources would be what? Reported where?
GLTY
It's already been discussed here several times...you must have missed it? I'm busy right now..if you cant find it, let us know.
Then why would ECOS include the information in their SEC filing? LMFAO.
I read the filings and offer opinions just like you do. That's all this board is for LOL.
That would also show that they have other sources for raising that amount of money since there has been no dillution.
LOL..there has been no dilution because they can't register and sell shares to anyone until they are compliant... and they can't become compliant without filing AUDITED 10-Ks (per SEC rules). That's why they had to take a $75,000 bank loan several months ago @ 39% interest along with a personal pledge of assets just to keep the doors open and the lights on. Until they can demonstrate to a lender (and shareholders) that the sale of by-products can be accomplished at a profit...a rock and a hard place comes to mind...GLTY.
The smart money is avoiding this like the plague!!!
Well said!
"ECOS has a valid product that works."
If ECOS currently 'owned' a significant part of 'the product that works', it's shares would not be selling at .00005 and resold to retail @ .0001 LOL. You obviously have not comprehended the Dec 2016 BIO/Art LLC (private company) contracts very well? ECOLOCAP (the public corporation) has no assets and no revenues.
GLTY and JMO