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"Official acceptance"
The contract had a rejection period, not an acceptance period?
The Buyer will have from the date installation commences to the date that is one hundred ten (110) days after the date that the Initial Product becomes Fully Operational (the "Rejection Period" to reject the Product if LRS rejects the Product, by written notice to Ecos. Failure of the Buyer to reject the Initial Product before the end of the Rejection Period shall constitute acceptance by Buyer of the Initial Product.
"We all expect it in 2018."
Who is "we all"? The ECOS/Bioart LLC contract spells it out and takes precedent over "we all" lol.
Thanks for posting some 'real' DD. After deducting start-up expenses, one should not expect much NET profit to ECOS for 2017.
LRS could still profit from their recycling contracts, with the new 'composting component', and Hanscom K may do alright on their financing deal with ECOS, but after 1 year, ECOS shareholders are left with a NO BID share price and a yet unknown 'potential'?
JMO
LOL, apparently your opinion of what the by-product's NET profits might be for the last 4 months differs from mine..maybe we should have a side bet?
GLTY and JMO
If you want to speak to someone 'privately', you will need a 'paid subscription' which entitles you to use PMs, not the public forum.
"ECOS gets 40% of the NET PROFITS"
Yep...and the NET PROFITS are only calculated and allocated by the JV at the end of every fiscal year..a very important point for ECOS shareholders IMO.
Slow learners please keep to the right.
GLTA and JMO
"nope going to venture for recapitalization."
LOL..Do you have any links to support that statement?
But when they start selling it’s 40% that’ll start in the spring!
Read the contract...they get 40% of NET PROFITS at the end of each fiscal year. All sales of (LRS related) machines and by-product go through the JV. After the financial results of the JV are COMPLETED, any net profits are allocated to LRS and ECOS (50/50 on machines and 60/40 on by-product).
It will be quite sometime before any relevant allocations take place IMO.
More output to add to that 40% of sales!!!!
?? ECOS gets 40% of the NET PROFITS from the by-product sales (distributed to ECOS (from the ECOS/BIOart JV) on a fiscal year basis).
Until there are Net Profits announced, 40 % of nothing is still nothing.
Good thing is once accepted ecos will have 687k...
Your DD is terribly flawed...ECOS gets ZERO cash flow from the machine sale to ECOS/BioArt LLC... ECOLOCAP SOLUTIONS INC borrowed the money from Hancscom K at 16% interest ($60,000) to import it.
Hanscom K and the Korean company that made the machine get the bulk of the money. Please read the contracts and filings before posting nonsense.
Those who fail to learn from the past are doomed to repeat it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135351199
GLTY and JMO
It’s all on the ECOS website. Email and phone number are there. Try to call around noon thats when I got through to them
Actually, Real DD is finding out what a company doesn't want you to know...not what they do want you to know, which is seldom, if ever, hidden. It doesn't take any special skills, training, or experience to obtain their fluff, almost anyone can do it.
GLTY and JMO
Here is something to drool over:
Serious investors have wised up to 'drool'.
GLTY and JMO
And Fife has at least a dozen different 'entities' that he uses for exactly what you just described lol.
Well said!
What do you mean by "we"?
"No product equals No one knows."
Then how come the MVTG Gurus always try to offer a plausible explanation?
You are absolutely correct, in that the post implied ECOS owned assets in Korea and has revenues from those assets, which is not true. Misleading the naive and uninformed via carefully couched innuendo?? JMO
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136390515
uh? i said revenue.. not profits... so you must be assuming..
Here is exactly what you said!
"LRS profit last year was 160-170 mil... they could buy the debt with a minor sneeze."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136390158
"The acquisition also increases the company’s annual revenues to nearly $170 million and its workforce to more than 720 full-time employees."
So, you obviously don't know the difference between "annual revenues" and annual profits LOLOLOL
Links please!
LRS profit last year was 160-170 mil...
LRS had gross sales of 160-170 million...not PROFITS??
They are a private company and as far as I know have not published their net profits on those revenues, nor do they have to??
VNDM is hindering ECOS...
Please explain how that works?...and what your plan is to avoid being a victim of their 'hindrance'?
I still am predicting a run lol just because it hasn’t happened yet doesn’t mean it won’t.
And I predict you are still as 'uninformed' about ECOLOCAP SOLUTIONS INC and Tonaquint as you were 11 months ago when LRS and ECOS formed ECOS/BIOart LLC.
GLTY
Doesn’t mean we are wrong bc the price isn’t higher
If you earlier predicted a 'run' to a much higher share price for ECOS, (based on your 'feelings') then you were wrong? And your feelings may still be wrong based on, well, the truth?
LOL...start with the share price and dilution.
Sure but who said that’s what they are doing?
It's just that common shareholders, and most members of this board, have been dead WRONG about their plans for the last 11 months LOL.
GlTY and JMO
No but they will be current and that’s very big.
And once they are current, they will again become eligible to do another R/S and clean up the share structure. Be careful what you wish for.
GLTY and JMO
It's worthless info until it shows up on the Daily List.
LOLOL... SIML is worthless either way?? What are you arguing for?
Getting current won't change any of ECOS's liabilities or lack of any near term revenue stream?
And most brokers charge their customers $20+ just to process the R/S. Some, who were seeking great wealth, will wind up with a negative balance in SIML lol.
"trashing the company you're invested doesnt make things better"
SIML has never been 'investable'?
I think you are the one that should learn to read securities law bud
Sorry but you are wrong..a state SOS has legal jurisdiction over all 'corporate actions'. The SEC and FINRA can refuse to process a corporate action if there is some indication of fraud or other securities violation, but a Nevada company does not have to file with the SEC or get 'approval' to do a R/S.
It's a done deal!
GLTY and JMO
According to this article ECOS is selling some units and "giving a few away" for testing.
The Korean manufacturer also makes smaller sized digesters that can run smaller loads for testing...LRS installed one of those in the basement of the building where the digester is now located to run some tests before they ordered the $650,000 unit? The cost of doing that was never mentioned?....but Ecos is not giving away $650,000 units for testing LOL? That was added by the poster for an unknown reason.
Yes, I know all that, but until investors see a copy of a definitive agreement filed, the agreement can change, and even be canceled can it not, without complication? Why tweet the Nov 6 announcement again without any 'terms' of the agreement? Looks like simple hype to me?
http://ih.advfn.com/p.php?pid=nmona&article=76025931
Tweets have no accountability? Definitive agreement 8-k's do...let us know when you see one.
They always tell the naive and ignorant there won't be a R/S...and then quietly do one and wipe existing common shareholders off the books...that's what financial predators do LOLOL. Welcome to pinkyland.
A drop-in visit to their Grass Valley operation might help with a glimpse of the future...?? They have yet to fail at disappointing their shareholders LOL
Your update is out...one for 1500 R/S approved LOLOLOL.
Less Dinero?
" To get the underlying shares they need to pay the exercise price."
Had they paid for the shares in Dec 2016, as DC claims, the share purchase transaction would have had to be included in the 2016 10-K, and it was not.