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Absolutely. It makes a hell of a lot more sense to be thinking about the best way to go after this guy so he can't rip off anyone else. The cheerleading doesn't bother me. However, it is a total waste of time at this point IMO. I think most folks are smarter than that and realize the game is just about up on this scam.
Transparency without proof means nothing, its fabrication. Show proof of claims, evidence of follow-through and progress and it is transparency that has value. The Blog is useless, and is an easy way to mislead without sticking your neck out legally. This guy will get his.
LOL. The situation as a whole is not funny but that sure was. Thanks Vince!
Cut yourself some slack, I have read BS promises from this guy since I first bought in two years ago. It's a total scam IMO.
Because he doesn't give a shit about shareholders, just their money...folks need to wake up and stop feeding this guy cash. He's been working this scam for a long time. JMHO.
Except scamming people out of money. He'll eventually fall on his sword.
That would make perfect sense and explain the recent activity.If there was more supportive,validating information to provide to shareholders he would have provided it by now IMO. IMO we are either being played or the orifice issue is being used to mask a much larger game changing setback. I have no faith that this is going to end well for us longs. GLTA
What I meant to say in my earlier post was did the three farmers order the additive not fuel.
I would assume that IF this is real and the testing/QC is really happening then I can see them not finding out about the compatibility issue with the additive and nozzle/orifice size until now. After all it is still in the testing/QC phase.
This statement could use some more clarity however:
"We have already been in contact with three farms in the Anseong region. We will install the new nozzles as soon as they are delivered."
Does that mean these three ordered fuel? I assume so since they are allowing their heating systems to be retrofitted? Right? Is there a deal being offered to these three? Are they the large users he is referring to and a price has not yet been determined? That would be strange since it is already been determined that their systems are going to be retrofitted to accommodate the additive. I'd like to think that this is all really happening and finally ECOS has a path forward but unfortunately history tells me otherwise. Still, GLTA
Exactly. I would not buy a single share until an official PR is released as well as definitive video evidence that this all actually happening and or proof of an actual revenue stream.
I have been hearing that for two years. The reality is in all likelihood the only thing he is working on is trying to create ways in which he can make it appear that he is working on something. This company has produced NOTHING tangible for the two years I have held it and they have been all over the map. No results but plenty of bullshit to dish out and suck in more unsuspecting investors. Same old pinky story with an eventual unhappy ending. Enough is enough...we've been had....time to move on.
Too bad I did not listen to your warnings way back when. I got scammed on this one. Thanks for giving the heads up. Live and learn.
Unfortunately I have been long in this scam and when I first bought this stock I recall some postings on this board warning investors about this A-hole MS. I wish I had listened. It's really too bad these scammers keep getting away with it.
Lansing,
They still have not gone public...hopefully very soon. Keep an eye out for the IPO which has been in the works for a number of years. Oz is going to be a great one. IMO.
I think you're spot on. And they will keep this scam going as long as they can or as long as folks still fool themselves into thinking ECOS is legitimate. Another write off compliments of Penny Land. Good luck with all your other stocks everyone!
On November 30, 2012, we announced that we had entered into a Strategic Alliance and Distribution Agreement for MFuel
with Ecolocap Solutions, Inc of Chicago, Illinois. We will set up a production center in Canada for M-Fuel, the first in North
America. M-Fuel is a fuel emulsion, which in tests has proven to reduce consumption of diesel fuel by up to 30% and reduce
emissions by up to 80%. We are making M-Fuel the main focus of our business activities from this point onward and have
terminated the development of the online furniture merchandising business.
To date we have spent nominal time designing the website, but during the past quarter we developed and implemented a
re-designed web site focused on the M-fuel business.
If you have not read it yet the rest of the 10Q is worth a read IMO.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9354894
I think you're spot on.
Thanks. I knew they were a NV Corporation but did not know they were registered in Illinois before. I have not done a lot of DD on this one and like I said have not really stayed on top of things...actually more or less wrote it off quite awhile ago. I hope there is still hope.
I have been a long term investor in ECOS but have not been keeping on top of all developments and or progress. Has anyone actually seen the offices at 1250 South Grove Ave? I did a google map search of that location and did not see it...there is a Graham Chemical Corporation, Stewart Title to name a few businesses in that building. Is the office located in the Welsh Center Executive Suites? Also, in doing a search of corporations in Illinois ECOS is described as dissolved as of August 2012. Am I missing something? Can someone please explain ECOS's status to me?
http://www.ilsos.gov/corporatellc/CorporateLlcController
Sure, to put it bluntly, why would that POS waste his time on a POS that he already used up? He's headed for where he belongs...ruin and or jail.
Based on what? What possible indicators have you seen that would promote buying this stock? Please tell me. I have been very long on this stock and all I see is dilution, smoke and mirrors. What do you know that no one else can see? Please tell me.
And wouldn't that be a surprise. Whatever happened to the dividend PDGO shareholders were supposed to receive from the JV?...total BS. This is a scam folks.
Think about it...this JV with ERAO fits the bill..total BS. Even if it was for real, check out ERAO, a company in a total death spiral. I'm going to lose money and I'm pissed but I don't want any unsuspecting investors getting suckered into buying this POS or LHPT for that matter. Enough is enough.
I agree with you. Note a recent post:
All investors should understand all what is going on with companies like Paragon Oil and Gas,(meant PDGO IMO) LHPT, HCE Operating, Home Creek Energy, Cow Path Energy, Hull Energy, T, F and B Oil, GMUI..etc. These individuals that operate these companies sell interest in wells to individual investors and then never have any production that is of any substance. The same names and the same themes are used in all these “investment opportunities” (Anthony Maye, Todd Violette, Craig Wallin, Antoinette Spradlin, Curtis Berry, Joey Lenox, Lobdell Percy Brown…) Beware of these individuals.
When they are uncovered, there is a merger, buyout, reverse merger or complete bankruptcy. It is the same story over and over.
Please be aware that they never actually produce anything but progress reports and sensational news.
You may ask on these boards for a response from leadership, but they will give platitudes and constant stories of problems with production. They will not give a straight answer and sidestep the truth. Even when they say “that person is no longer affiliated with the company”, that may be true on paper but not in reality.
Use SONRIS – Louisiana production reporting Database, The Texas RRC databases, or any state that they say that they have “opportunities” for research. See who is the operator, see what historical production is, ensure that the work is being done.
I've been long on these dogs for quite a while now and I think that PDGO and LHPT are built on nothing but total BS. Beware folks. Typical penny stock pumping BS going on.
Really? Who told you That?
As of right now...zero.
Thanks. I have in the past and that's fine. However historically I have been burned a few times by information from what had appeared to be a very trustworthy CEO. From the beginning I have trusted what Todd has presented and have always felt he was likely not a scammer. If in fact this is a scam I would be very surprised but history and human nature causes me to error on the side of caution. It's hard to fully trust anyone in pennyland. GLTA.
As much as I don't want to believe it I would say Realism's warning may have merit. I have been in LHPT and PDGO for quite some time now and both have been starting to feel scammy to me. In light of Realism's remarks and tracking the history I'd say there is an absolute possibility we are getting played. I hope I'm wrong but if that is the case then what a ride we've taken based on total BS.
Good for you but in my experience they generally don't pan out that way. He/she did make a point..watch out.
I'm in at 585K shares.
Me too. Don't listen to it. Especially if their planning to attempt an uplist. GLTA.
I agree. I think a status update is long over due
HMMM..knowing full well they don't have the means to do it what are the chances that the move to acquire Tully's is just another BS ploy to pump the stock? Very little ever seems to make sense with BCCI.
Thank you Vegas Trader! Well said. Although I stopped reading his/her posts a long time ago.
Good question.
I agree. I wouldn't add until test results and subsequent sales are released.
I'm very interested in the results of all the testing/trials that have been completed, or at least should have been completed.
I agree Surfguy. Plus lots of loose ends with ECOS that really need further explanation. Hopefully we get another shareholder update soon or at least e-mails start getting replied to. GLTA.
Great post. I agree with all of it. Better days ahead IMO. Good luck to you as well!
I think I just heard a House of Cards crash to the floor. Wow.