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A fluff PR to sell ECOS shares to retail IMO...high CapEx machines like this are not sold by PRs. Buyers for these machines must already have a collection capability and an existing need. ECOS shareholders need machine sales ASAP to survive IMO.
Read the financials!
If LRS is not interested in a R/M with ECOS, one could certainly conclude it would prevent ECOS from announcing one LOLOL.
"I believe ECOS probably owns the technology specific to the bio-art and they have a manufacturer build them to their specs. JMO"
Public companies are required to file a copy of any 'definitive agreements' they sign with other enties which would have an impact on shareholder value or obligations.
If you can find any filings or other links to any signed agreements ECOS has with any Korean entities regarding the use and distribution of this digester technology, please post it.
'Beliefs' extracted from rumor, innuendo and hearsay about someone else's Korean technology and it's value to ECOS shareholders, is irrelevant IMO.
"jeung kwak if you read his bio he has a lot of contacts in Korea."
Read the ECOS filings...what have those contacts produced for ECOS shareholders over the last 10 years while he drew a $120,000 yearly salary and expenses. ZERO
Siegel wrote the made-up bios for ECOS LOL.
Maybe young Kwak will succeed in making ECOS legit, but don't kid yourself into believing it ever was before or is yet.
GLTY and JMO
"nothing and no one can prevent $ECOS from announcing any pertinent info if that is what they want to do."
LRS can!
LOLOL
"Are you suggesting that they will never be able to qualify and will never complete the filings"
Not at all!
No one has any way of knowing what is currently happening between the SEC and ECOS. Any questions the SEC may have regarding the filings are sent to ECOS in writing and the SEC does not make those written inquiries public until after their questions are answered, and the dockets been closed.
The SEC requires only past due 10Ks be audited...ECOS has already submitted those for review. The 2nd Quarter 2017 10Q was due Sept 1.
It's late and no nt-10Q was filed??
GLTY and JMO
"If a reverse merger is announced between ECOS and Lakeshore Recycling would that be accomplished through an 8k or what form is utilized for that formal sec filing?"
A public company can't get SEC approval for corporate actions such as a R/M, a R/S, or the issuance of registered shares for warrants (or note conversions), unless they are SEC compliant. So, discussing the filing process is irrelevant at this time.
There will not be an announcement for any of these corporate actions until ECOS qualifies to do them.
Hope this helps.
"Someone said these machines were up & running in South Korea. if so, where's the revenue on the balance sheet?"
So you finally read the filings huh?' $70 million of shareholder funds squandered with nothing but $680 in cash to show for it. No revenue flow or IP assets accumulated for 10 years in business? The truth is always in the filings...everything else in pinkyland is BS.
GLTY and JMO
"Judging by the breakout board, it looks like ECOS is on everyones' radar now."
Judging by the .0001 share price, the only ones that think they have uncovered a hidden gem here are the naive and uninformed on social media who do not understand the filings.
GLTY and JMO
"The 110 days is near up."
The 110 started July 24...you do the math LOL.
"They had 110 days to accept."
Yes, and if they're as sharp as I think they are, they will use every bit of that time for market research on the potential in the Chicago area as well as the entire US before jumping in with both feet yelling Weeeeeeeee.
A positive result could be great for ECOS sharholders and a negative result could be devastating since ECOS apparently has nothing else going on.
GLTY and JMO
"And what if LRS officially accepts the agreement and says no they will be exercising 1 or 2 of the warrants"
You will have to clarify what you mean because LRS already accepted the BIO/Art agreement last December? The warrants are not specifically tied to the acceptance of the first machine, if that is what your thinking is?
They have years to decide if they wish to exercise the warrants?
The shares must be in reserve in case they decide to exercise an option. The DEF 14 filed today covers that?
"So you agree that LRS putting out a PR is a good thing for the ecos cause."
If the JV DEMO results in firm orders from a couple of recyclers from outside Chicago, that would be a good thing for the ECOS cause. This is not an off-the-shelf product and any orders will not result in immediate income to ECOS under the terms of the BIOart agreement. For starters, ECOS currently has executive salaries of $380,000 to cover and no other known source of revenue.
GLTY and JMO
"Have u seen a PR from LRS regarding ECOS yet?"
LRS and ECOS/Bioart LLC are both private companies, they do not have to put out PRs to shareholders.
ECOS is the only one interested in 'selling shares' and thus a PR LOL..
GLTY and JMO
ECOS and LRS are 50/50 partners in ECOS/BIO-art LLC. Everything is being done jointly under the JV, so why would a joint DEMO be the least bit unusual?
Yep...the only thing there is one filing...the DEF 14C...no 2 quarterlies as indicated by the poster.
EDIT...my mistake...said 2 hours ago not 2 filings...Ooops
Funny there's nothing on Edgar yet???
The 6 month restrictions on the 542,000,000 shares for the March 10 note to Tonaquint (John Fife) expire today, so those could likely start being converted and hitting the market next week? They are experienced diluters.
https://www.sec.gov/Archives/edgar/data/1290506/000100201417000042/0001002014-17-000042-index.htm
GLTY and JMO
Only if a 'borrow' is involved...doesn't apply here.
GLTY and JMO
"So you think someone other than retail is going out of their way to short a penny stock?"
So you think someone who's been buying toxic convertible notes from ECOS for years (at a 50% discount to retail) would be "going out of their way to short a penny stock".
What I find hard to believe is that anyone is so uninformed that they would make such a statement.
GLTY and JMO
"It's funnier that he is thinkjng there is a shorter hahahah $2.50 rule needs to be googled"
LOL...$2.50 rule only applies to 'retail' customers...has little to do with people like John M Fife.
GLTY and JMO
"if you're comfortable, money wise.. that's still a gooood chunk of change to drop.."
LOL ...Not if you shorted $13 grand worth @.0002 and already have the $6500 needed in your account to cover @ .0001... Google John M. Fife.
"It appears Ecolocap solutions owns the technology which they obtained when they bought out Micro Bubble Technology back in 2010"
Sorry your research is terribly flawed...Microbubble was created by Siegel and Eggers in Davenport Ia. out of thin air. ZERO assets are listed in the 2016 ECOS 10K...it's the only legal document investors have to go by and the only one any third party have ever verified (auditors).
If ECOS shareholders owned any technology of value it would be listed in the 10K?
"I believe LRS will acquire ECOS and begin the process of becoming a publicly traded company."
One question...why on earth would LRS want a dirty pinky shell with $10 million in liabilities, no IP assets, and no revenues (other than from the ECOS/Bio-art LLC digesters which LRS already controls), when they could just buy a CLEAN OTC shell for around $250,000 and go public??
GLTY and JMO
Funny thing about these pinky stocks, they have absolutely no respect for the wishes of investors.
"Smart people are avoiding this POS like the plague!"
As well they should ihorchu!
ECOS has dumped 5,488,394,000 shares since 12/30/2016
From the T/A - 9/01/17:
Authorized: 10,000,000,000
Issued and outstanding: 8,737,766,957
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
With only 1.3 billion shares still available to dump, ECOS is planning to increase the A/S on Sept 28 by another 15 billion shares (with approx 10 billion of those to be restricted for one year as part of a debt swap).
There will likely be continued dumping of the additional 6 billion free shares for another year just to pay salaries and other expenses, and the expected 'BIG RUN' will have to be delayed for the lack of any sizable annual revenue allocations from ECOS/Bio-art LLC, or from new machine sales or installations scheduled for the near future.
Toxic note buyers, Like Tonaquint, can't convert new notes into registered shares until ECOS is current in their filings? So as soon as they get current, new convertible notes will likely be sold and converted immediately to pay off old debts, and the old ECOS revolving door for toxic note buyers will be back working again.
GLTA and JMO.
LOL... the missing audited financials will reveal the actual sales revenues of SIML since it's inception...wink, wink. Maybe cicicbird found out when they will be out? He was wondering about checking into that?
Funny thing about these pinky stocks, they have absolutely no respect for the wishes of investors.
GLTA and JMO
Well there certainly is a lot of 'Natures Waste' in Houston right now. They need all the help they can get cleaning it up.
Funny...there are no ECOS SEC filings regarding any such Joint Venture? I guess it didn't happen! Maybe you should find out why not? I believe that was in 2015?
This is the entire post I responded to...it said nothing about 6 weeks LOL
"They are adding to it huge before anything happens...not saying anything about the process.....yea stay positive."
"They are adding to it huge before anything happens"
Added only 901,893,000 in last 2 weeks.
O/S as of 8/16.
Authorized: 10,000,000,000
Issued and outstanding: 7,835,873,776
Restricted: 3,656,163,534
O/S as of 9/1
Authorized: 10,000,000,000
Issued and outstanding: 8,737,766,957
Restricted: 3,656,163,534
"bc they are specifically also talking about that note.... and others.... you really can't spin it any other way."
I'm not spinning anything...the agreement as stated between Fife and ECOS was to swap his debt for 9.6 billion restricted common shares. Your 'Math' is a meaningless aspect so stop spinning it as if you were there at the signing table LOL.
My point is that it was simply not ALL the debt...and nowhere did ECOS say that it was. It only says so in your sticky LOL.
GLTY and JMO
You read...the 14C was very specific LOL. Did not say "all debt"?
The 10 K also states it as Tonaquint specific debt. It may have derivative liabilities attached to it, but it is no one else's debt and it is not ALL of ECOS's debt as you claimed.
Reasons for the Amendment
We are currently authorized to issue 10,000,000,000 shares of common stock with a par value of $0.00001 per share. Currently, there are 6,393,310,100 shares of Common Stock outstanding. Based upon our information, we believe that the loans will be converted in consideration of 9,600,000,000 restricted shares of common stock. We currently do not have enough authorized shares of common stock to satisfy the option exercises and the conversion of debt to common shares. It is in our best interest to convert the debt to equity in that it will eliminate debt in the amount of $576,000. Other than the plan to issue shares upon the exercise of options and convert the debt to shares of common stock, we have no plans or arrangements to issue any additional shares of common stock.
Ecos Management can play games with their carefully couched statements, but you said.
"all debt to be converted to restricted shares."
And you put it up as a sticky?
Please show a link!
"all debt to be converted to restricted shares."
Please show us in any of the ECOS filings where it says that "all ECOS debt" is to be converted to restricted shares? The filings that I've read only refer to a specific amount ($576,000) owed to Tonaquint that is to be swapped for 9.6 billion restricted shares? That is nowhere close to "all" ECOS debt is it? The latest 10K shows around $15,000,000 in current liabilities (including the Tonaquint note) do they not?
The numbers in your post appear to be way off, and very misleading? Were they done in haste?
GLTY and JMO
Note: The 9.6 billion shares were only a prediction based on the June 30 closing pps of .0003
LOL...The 'Market knows' what's going on. Everyone will know after Sept 28. JMHO
Insider enrichment share selling schemes are more fun! What's the fun in discussing good stocks with trustworthy and competent management....boring lol.
GLTY and JMO
ECOS listed their assets as ZERO in their 2016 10K just published. If they owned any Korean Technology assets of value, why would they list their assets as ZERO? And why would you think I'm dumb enough to own 100 million shares of this POS? LOL.
Look for yourself, you're the one that implied that they do, without any support for your statement lol.
"To secure the technology and the distribution of said technology to any competition that may want in on it. Beat waste management and other like corporations to the punch."
But there is no verifiable evidence ECOLOCAP 'owns' any part of the technology, or has ever signed any agreement with the Korean company that does?? Please post a link to any documents that state that they do, if you have one.
A corporate agreement like that would definitely qualify as a definitive agreement and be subject to an 8-k filing to shareholders would it not?
GLTY and JMO