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Shareholders asking further DD questions of Janice and nodummy would be appropriate at this time IMO.
Personal opinions posted on stock specific investment boards carry little weight.
Nodummy's June 26 answers to several questions about ECOS are below (especially interesting is his answer number 4 regarding R/M speculation).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141810158
"As for your questions.
1) A merger requires a merger filing at the SOS. You have to be current with your business license/taxes owed before you can file amendments for corporate changes. ECOS would have to do its 2018 annual report first then it can do a merger filing.
2) A company can change its name at the local SOS, but that doesn't change the name of the public ticker. To do a corporate action (like a name change) for a public ticker you have to submit a corporate action request to FINRA then FINRA has to approve the request. FINRA will want to see certain information and if some information is missing or raises red flags then FINRA may refuse to approve the corporate action request.
3) The Nevada Secretary of State (and all SOSs for all states at that matter) require businesses to file an annual report each year which includes a fee (the annual tax fee) in order for a business to stay current with its business license. When a Nevada entity fails to do its annual filing/pay its annual tax then it goes into default status. If a Nevada entity fails to do its annual filing/pay its annual tax for 2 straight years it becomes revoked. I can't speak as to why ECOS is late with its annual filing/fees. It could be they just forgot. Or judging by the fact that ECOS is also late with its 10K filing, it could be a shortage of cash issue or ECOS may just be giving up and abandoning its business operations.
4) 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.
5) Those warrants were not a great deal for ECOS. Warrants serve two purposes. The warrants often provide the owner(s) of the warrants with an opportunity to acquire stock directly from the public Issuer sometimes below the market price, but they also provide the public Issuer as a way of raising cash by selling stock to select investors at a set price. The way these warrants were structured Lakeshore Reccyling could have acquired stock at $.0003/share up to 5 1/3% of the O/S. Since ECOS has mostly traded below $.0003/share since December of 2016 it really didn't end up turning into anything good for Lakeshore either, but it could have if the ECOS share price had managed to climb much higher than $.0003/share for any extended stretch of time. Lakeshore never exercised any of the warrants."
GLTY and JMO
Where is “Billy the Exterminator” when you need a him?
LOL...He died from a hopium addiction to penny stocks.
My guess is LRS may be considering locations where residential and commercial "customers", or even other recyclers, (wearing protective gear) could dump off their food waste and receive a voucher against the purchase of selected by-products?... much like exchanging aluminum cans for cash?
JMHO
Then post a link to the 8-k (definitive agreement) ECOLOCAP surely must have filed in order to comply with SEC rules covering all important and valuable agreements which might impact shareholders??
North Korean company? LMFAO
"Np, they need to update filings before anything happens. Also the U.S. entity doesn't have any ties to the Korean entity, just licensing and distribution rights."
Yes, and any new filings will reveal that ECOS shareholders don't own any part of the Korean company's operations (as implied by the 'private' ECOS brochure you posted)? The SEC is not dumb?
GLTY and JMO
That sounds great DS... but what will you do if there is no ticker to flip?
Fact 1) ECOS has not properly updated it's shareholders for many months
Fact 2) ECOS did not file their 2017 10K due on March 31... so they are a severely delinquent SEC filer again?
Fact 3) ECOS also let their NV business license go into default on March 31.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Q0VDOpN%252fgIK1biNqZr4fnw%253d%253d&nt7=0
These are actions that indicate ECOS management may have already decided not to spend any further time and money on service providers and public disclosures? I agree with nodummy's assesment, "It sort of looks like ECOS may have decided to abandon the old dirty bloated shell".
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141810158
In 10 years I've never found nodummy to be off target...best penny researcher on the planet. Anyone can ask a question and get a professional, un-biased opinion, for free. I know It seems queer to some that a board could exist where people don't just view other penny investors as 'marks', but one actually does lol.
GLTY and JMO
"It’s like an unwanted fly in your house. You can either swap it, then clean the mess, or wait till it gets to the sliding door then let it out."
Except this is a public forum, It's not "your house " to clean LMFAO.
"Put simply, you can't have advanced 5G wireless without fiber optic lines everywhere."
Doesn't the word "wireless" mean "without fiber optic lines everywhere" ?? 5G will kill the need for fiber optic lines IMO.
"How to become a millionaire or not."
Should be able to do it easily with SGSI, if you start with 2 million.
JMO
ECOS is not a 'machine manufacturer' ? They have never made anything but billions of shares? They have ZERO revenues and ZERO assets?
And shares of appropriate value.
GLTY and JMO
Per the contracts, those machine revenue numbers will not belong to ECOS, the public corporation, so shouldn't be used to calculate a multiple for ECOS shares IMO.
"If Lakeshore buys 8 digesters, this stock with hit 0.0003 or better."
Again, read the contracts, 100% of ECOS's mark-up on the first 8 digesters STAYS IN THE JV AS ECOS'S CAPITAL CONTRIBUTION TO THE JV, and can't be used by the public corporation ECOS) to fund anything.
Smart investors know that machine sales to LRS will not add much to the share value for quite some time! Only after the JV shows NET PROFITS.
JMO
"Lakeshore will need to pay for the digester(s)...which is actually good for us."
How so? Read the original contracts...LRS buys all digesters through the private JV (ECOS/Bioart LLC), not Ecolocap (ECOS). No revenue goes to ECOLOCAP unless there is a NET PROFIT calculation and distribution at the end of each fiscal year from the JV.
GLTY and JMO
You're right...it's gone from number 3 on the breakout board to number 1 on the breakdown board in just 2 days. Yippieee!
GLTY and JMO
"Check it out."
How do you find a clean end of this turd from which to pick it up and check it out?
"Capital Update and A Look into the Quant"
Which end is the "Quant" on ??
Sorry cheetah man but ECOS shareholders do not own any part of LRS or it's sorting and recycling operations. ECOS apparently can't even afford to pay their accountants for filings, or pay the Nevada SOS their defaulted business license? Possibly they owe the phone company and internet service provider a bunch too and that's why they can't communicate with shareholders or put out PRs??
Just thinking out loud!
GLTA and JMO
A week from never? Cirque Energy no longer even exists...other than as a lost FINRA ticker lol.
GLTY
ECOS... You previously posted that Conrad Lysiak was the corporate attorney for serial diluter ECOS (back in 2014)? He's no longer listed as their attorney (on OTCMarkets)? Aren't SEC registered companies required to update their corporate attorney information on a regular basis?
The only attorney I can find for Ecolocap, or Michael Siegel is this one?
https://cookcountyrecord.com/stories/511034563-intelius-hit-with-class-action-alleging-their-personal-info-reports-violate-illinois-publicity-rights-law
TIA
Thanks for posting that...good to see they finally 'cuffed' Dalmy LOL. Sad it took so long IMO.
Hopefully, Sand, Tilden and Fullenkamp will follow shortly??
"I’ll just have to wait like everyone else and hope for the best"
My point is that there's a reason why "everyone else" has no interest here...patience in the OTC is more a symptom than a virtue LOL.
Do you see any 'whales' bidding or posting on this POS? There's always a reason for everything in the OTC? ...no 'hidden gems' in the pennies.
GLTY and JMO
More likely to tuck tail and slip away quietly (with nothing) on this one IMO. Good candidate for a trading suspension?
Could it be another opportunity for you to double down again??
GLTY
What shareholders need from a start-up like ECOS is trustworthy management, revenues, and eventual profits. ECOS shareholders own no part of LRS, Hanscomb K or All-Source?? ECOS has not reported any IP of any value, reported any revenues, or reported any assets (to borrow against while establishing by-product sales, per the original contracts with LRS)?
Pending further notice from the company, shareholders now hold nothing but worthless shares @.0001 and a pile of 'hopium'
To my knowledge, neither of us are responsible for any part of the current ECOS situation LOL??
GLTA and JMO
Thanks for the link...funny how the more things change, the more they stay the same LOL.
KP
"could be, but hell.. ive been wrong plenty of times... so here, i am wrong again..."
Maybe you're being unjustly hard on yourself? ...after all, you were right about the bullet in your front door??
18 months ago!
But why do i find it unsettling that all of the info Allsource gives out is done so freely..... yet zilch from company. I dunno.....
That video was uploaded to Y-tube by ECOLOCAP on 1/12/18...the rest came from an investment blog...take it all for what you think it's likely worth to you.
GLTY and JMO
"Seems the Doctor borrowed a quote..."
It also seems that intelligent investors may think the Doctor also borrowed the entire 'Concept', and that there is no existing legal tie-in between holders of NPWZ shares and ownership of the PRIVATE Indian LLC (referred to in the article you posted)... or any other unproven IP or assets?
Intelligent investors are likely those who have not been buying shares of this un-registered POS company.
GLTY and JMO
"They need to quit keeping small time investors down that are trying to make a buck, and focus on the manipulative market makers."
The US is the only country in the world that allows trading to continue for a stock that is 'delinquent' in their reporting to the central regulatory authority? (ECOS has a big red STOP SIGN on it)?
Maybe Trump will get Congress to change some US laws to better protect small time investors from scam CEOs, scam attorneys, and their toxic funding 'partners'??
GLTY
But what do they have to do with Nano Crystal technology?
That nano battery crap was just one of many previous ECOS share selling schemes that 'just didn't work out' for uninformed penny players LOL. $75 million dollars of investor funds 'wasted' to date? One of their paid promoters obviously still has it listed in their scam promotional material as 'active'? It was just another sure fire 'run' that never came.
GLTY and JMO
I agree...he's one of the brightest posters on the forum...his analysis is always accurate and timely IMO!
Peanut butter on soda kwackers is about all investors can look forward to here? JMO.
"Who is the fat guy with curly hair from Food To Plant."
He's the son of Michael Seigel {the founder and largest single shareholder of ECOS).... Gives one a fuzzy feeling about a 'donation' doesn't it LOL??
Have the Kwaks left the building?
GLTY and JMO
"Partnering up with Crown Castle might be our future."
LOL..just like Gazprom partnering up with MEA was your future?
"Bothell, WA December 8, 2015 – Neah Power Systems, Inc. (OTC: NPWZ) (“the “Company”) today announces the addition of Robert A. Kruse Jr. to the Company’s strategic advisory board."
Old and no longer applicable...update yourself! Please!
Funny the 'big boys' would not have checked out Neah's slick tech videos and presentations at the major battery conferences? Maybe Neah's tech concepts (available for many years now) only appealed to certain types of investors? Who knows?
"Always is after the amount of white washing that was going on by the company and their community marketing team."
Yep...$987,000 to the "community marketing team" (provided the fair value holds) lol.
(f) On December 28, 2017, the Company issued 46,374,245 shares of common stock with a fair value of $510,117 to the President of the Company in exchange for services for the Company. The shares vest over 12 months. During the three months ended December 31, 2017, the Company recorded $125,782 for the vested portion of the shares.
(g) On December 28, 2017, the Company issued 43,400,000 shares of common stock with a fair value of $477,400 to a consultant for compensation and services rendered to the Company. The shares vest over 12 months. During the three months ended December 31, 2017, the Company recorded $60,997 for the vested portion of the shares.
This is much worse than I envisioned it would be!
Thanks...I see the difference now.