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Not a year where people had much gains.
And thats why we havent closed a meaningful deal in 10 years.
It’s always something. And the next deal is always bigger and better! Wash rinse repeat!
New shiny ball!
We were told it was closing on or around AUG 2021 as well
So far it has not been the "most interesting week" unless dropping into the 50's is your definition of interesting
Mighty quiet. What are you guys hearing? Is this the week??
Tick Tock...... Thought we were closing this week.
I hope so but stock price not showing it. No matter how quiet think something is someone always knows. Too many loose lips. We should see increased buying and stock price if this is closing this week.
Ill take it but obviously we heard the same thing 52 weeks ago!
Just not this year!
unfortunately I do not believe we will hear anything about the land closing this year. never wanted to be more wrong but history is history.
So is this the week! or will the Germans bomb pear harbor again!
So the Germans in town! was that the same group they met at the Houston accords or did they want too much and now we are on to another group.
Im glad you posted that but I know someone who probably isnt!
yeah that my point. There is always other variable. There were other variable last Nov, Dec and January. People at that time on this board said just wait until the news you will see why it was delayed. But of course it never happened. We will be on this board in mid January saying the same thing as this month. Every time there is a meeting you hear this deal keeps getting bigger or now we have a better partner or financing But even with our bigger deal and new partners nothing ever happens. And again its because the partners show their true hand and say give me "X". And Ron and John say no and go find a new partner. I will repost in mid January when the new deal is bigger than ever and about to close.
Of course things have changed. I have been saying that for a while. it was time to actually sign and guess what. Things changed. The partner or whoever said I will sign but I now want more. So on to the next partner. This December and last December are the biggest deja vu scenarios. Same exact thing last year. See you in January and it will be a repeat of last January.
You mean the closing in mid November financials.
is that sign near the one that was put up a year and a half ago that still hasn't materialized. Probably need to update that one. Im sure its very weathered by now.
its always possible but i have 11 years here and for the last 3 have talked to IR almost on a weekly basis. I have a good feel for what is happening at this point. I don't wont to be Carl's age and still waiting on my ECSL deal to close.
Waiting on Mid 80s-90s to start my departure. You can only let yourself get hit in the head so many times with the same brick. At some point you have to wake up.
Same ol story gents. I said weeks ago it would be late January if ever. the pivot is in. ECSl starts talking about other ventures and this and that and the ones we were waiting on never materialize. Been watching it for 11 years now. I have explained twice in the last 2 weeks why and how it happens. Again. When its time to actually close the deal the other partner/company/entity says yes we will do it but we want "X". "X" is some high percentage of the company and/or profits. Ron says no and we move on looking for the next sucker. Find a good partner. Take the dilution and move on or we will be sitting here 5 years from now with the same ol song and dance. Remember this time last year closing was any day now. We had multiple financing opportunities just trying to pick the best one. Yet when it came time to sign paperwork it never happened. Deal changed and they wanted their fair share. and why wouldn't they ECSL is not bringing anything to the table and the others know this. We need them more than they need us. End of story!
More meetings about things we are going to do with the land we do not own. I thought last week we were signing closing papers. What happened?
Fitting! Always next week in ECSL world
Look above. Train was supposed to leave the station Aug 3 2021 and every month since.
Remember when we were on a daily watch waiting for this to close in December of 2021! Seems like yesterday.
The reason these deals take forever is not the overall complexity. Deals 10-100Xs bigger then this happen every day, week, month and year and do not take 2.5 and counting years to complete. The "complexity" to our deals is that we have nothing to bring to the table and we need everybody else to make it happen. So again they string us along and then at the end they explain their true terms of the deal which they knew all along but wanted Ron and John to do a lot of work and educate them. Once they say they want 80% of the company or profits then Ron says no and we start the process all over again with someone new. If you think closing a 30million dollar land deal was complex wait until they try to get financing for a $160,000,000 buildout in a recessed economy. Over under on that is 5-6 years if ever. Again the lender of this will want the majority of the company or profits. Same ol story. ECSL to da moon by 2030!
Is this is first virtual appointment? where is the light? cant even see his face. Embarassing
i clearly was referring to financing for the buildout which is not in place as was stated in the update.
Here is the reality of this. Ive been here 11 years. Nothing has ever changed. It has always been just around the corner. Every deal and venture has never materialized although you are lead to believe this for months and even years. Until alas you move on to the next venture. Never with an explanation of what happened to the old one. So let me explain what happens. I mentioned earlier today that ECSL has nothing to bring to the table that is very valuable. They have a vision/dream yes it has adjust and evolved but it has been a fuel based vision or dream. They find partners/interested parties all the time hundreds even and they have talks and in these talks the ones that are interested stay in discussions with Ron and now John. They let ECSL do all the work and planning and sit back and wait. They go along with what ECSl is planning and saying because it doesn't cost them anything or very little of their own resources, In essence string Ron along. ECSL gets caught believing they are driving the bus but they really aren't. They are the worker Bee. They deal/partnership gets close to an end and then the other company say well we thought the terms we talked about might work but after rethinking it we need "X". That could be a larger portion of the company or a higher majority of the profits from the deal. And what at that point can ECSL do except bend over and say yes. They have very little bargaining chips. This happens over and over. I have actually had the IR tell me on two occasions I believe that a deal fell thru because the other company wanted too much in the end but most of the time we never get an explanation of what happened. Look at current situation. The worst thing in that update was that we still do not have financing. How many times have we heard that we had them lined up for financing. That we could pick whoever we want. Everyone wants in on this venture. We have heard many people say that it will only take 90-100 days to build the first tanks. if the deal closes tomorrow we don't have financing to build everything. Financing doesn't happen overnight. Then problem is that when it comes down to signing paperwork no one want to deal with us without a majority to the shares or profit and why wouldn't they. Ron and now John bust their butts and do all this work and get led on by many other entities and then at the very end the company says we want "X" take it or leave. and so far we have had to leave it. The reality is that if you don't have it then you have to sell it. So far Ron and now John haven't been able to sell it. I have 605,000 shared I'm in. but the reality needs to be faced. I would rather own 150,000 shares worth $5 then what I have now. Ron needs to make a deal let us get diluted and hopefully it was a good deal that will take us to a high price to offset our diminished shares. Yes all the cheerleaders will jump in and say I'm crazy but the facts are on my side and if you don't believer again look above at the pinned post where John say we will close on or around August 3rd 2021. Same thing has happened to ECSl deals now for my 11 years. Some soul searching is upon us and ECSL MGMT.
GLTA
The reason is simple. It gives Bill 5 days to not have to answer a bunch of people ask why not in November and what now. By Monday half the people would have calmed down, forgotten or realized ecsl is what it is. That is exactly why it was done. They know it will not close in November so no reason to wait.
This is how it goes when a company has nothing to bring to the table. They need everyone else to make a deal work but don’t want to give up 80% of the company. Seen it before. Eventually it just dies. Need to cut a deal and at least we get something. Dilution is happening anyway and will not stop. It will only get worse. Go ahead and give up ownership and make a good deal so we at least have something.
I wish Bill was getting paid in cash and not shares. I feel sorry for him to have to try and make Ron’s failures look like something they aren’t. I fear he will never be compensated for his efforts. Hard act he has to try and sell!
Same group just told you multiple times it would be November. Yet here we are. There is a reason this was posted on wed afternoon before thanksgiving. Hoping no one. would see it and to keep a sell off from happening.
The company that cried Wolf!
Again look above. Moderators pinned it. closing on or around Aug 3 2021. Nothing has changed and this affirms it. why are we talking about financing. I was told financing was handled. And companies to do the work. What happened to Currier? Did he wise up and move on? This is a disaster. We will be here hearing the saying the same thing in February. Very disappointing update!
See you next Tuesday!
We do not own the property nothing will be on the property. You know that 80% of what Dshade said has not come to pass. Same for Uncle.
So we now are focused on 28-30th. The 28 will be nothing. Everyone will be getting back in the office and trying to figure out what is what and getting organized. So now you have Tuesday and Wednesday of next week. My guess is mid December in reality. Would love to be wrong but its ECSL!
The sad reality is right above us. Look at the pinned post above from VC and Stockman. Same story over and over again. Lawrence was even bold enough to give a date of August 3rd 2021 in one of those. But as usual never happens here. My concern with Management is just that. How can you be in charge and actually miss a closing date by at least a year and 3 months and growing. Either you cant read the tea leaves or your just not good at this. Its laughable and sad at the same time to read those 3 pinned post.