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Most everyone knows that already Bill, but success must be accomplished at a profit BY THE COMPANY YOU OWN SHARES IN, otherwise, what value is there in us 'knowing' it.
GLTY and JMO
If one is not in the position of a 'secure' shareholder, then all the technical aspects are just wishful thinking (IMO) because they almost never lead to a positive ROI in the OTC.
Even in Vegas, gamblers have the State gaming commission watching over every move a casino makes, so players are somewhat secure about not being cheated out of their money LOL.
10-Q out for Sept. 30, 2016
"We had total current assets and assets of $4,272 and $0 as of September 30, 2016 and December 31, 2015.
We had total current liabilities of $7,267,622 as of September 30, 2016. This was an increase of $1,232,715, or 20%, as compared to current liabilities of $6,034,907 as of December 31, 2015. The net increase was attributable to an increase in derivative liabilities due to the loss on derivatives at market value, increase in notes payable stockholders an increase in accrued expenses and current liabilities."
You can cut them all the slack you wish...my experience tells me that would be just plain dumb from an investment standpoint.
GLTY and JMO
"Neah may be dark. Institutions they are working with are not."
I don't think any of the government operated labs will come out and say "this can be accomplished at a profit"..I've never seen that happen, maybe you have?
GLTY and JMO
As long as they remain dark with a STOP SIGN, you can file everything under 'wishful thinking' until they publish a contract with someone (that is third party verifiable) and make an effort to become current with shareholder information (not just fluff promotional videos and paid press releases).
GLTY and JMO
"In the dark they can control Only what they want u to think or know. Imo"
That is exactly the historic reason why Pinky CEO's choose to go dark, along with avoiding all the government regulatory authorities. It never ends well for long term investors. The USA is the only country in the world that allows public companies to continue trading when they fail to be in compliance with reporting requirements.
There are very good reasons why they put STOP SIGNS on the OTCMarkets web site for non reporters LOL.
"lots of folks that hyped Neah Power the last few days have ceased their predictions, lol"
Hawke..this forum is for opinions on the merits of trading or investing in NEAH POWER...not about what other people have or haven't been doing in the last few days...??
JMO
The more things change, the more they stay the same! LOL
Pigs like this are for 'trading' and nothing else...NPWZ is nowhere close to being 'investable'.
GLTY and JMO
But it's not the end of the day yet LOL.
ECOS has increased the O/S by 4.5 billion shares since 12/30/2016
From T/A - 8/16/17:
Authorized: 10,000,000,000
Issued: 7,835,873,776
Restricted: 3,656,163,534
From T/A - 12/30/2016:
Authorized: 10,000,000,000
Issued: 3,249,372,998
Restricted: 3,115,063,534
AND HE DOESN'T SHOUT AT OTHER PEOPLE...LOL
No...they still owe a Q and 10-K for 2016 and two Q's for 2017 before they are current. Most of the bad news for shareholders is already in these two under the following...ask your accountant or investment advisor what it might mean for you.
NOTE 8 – RELATED PARTY TRANSACTIONS
During the six month period ended June 30, 2016, notes payable to the stockholders increased by $225,000. The additions are for accrual of unpaid salaries and not actual cash proceeds. These loans carry an interest of 5.00% and are payable on demand.
For the periods ended June 30, 2016 and 2015, interest accrued to related parties totaled $59,257 and $55,448.
During the six month period ended June 30, 2016, the Company received $66,453 in loans from Hanscom K Inc. The amount owed to Hanscom K Inc. at June 30, 2016 is $377,940. These loans are non-interest bearing and are payable on demand.
NOTE 9 – SUBSEQUENT EVENTS
During the first two quarters of 2017, the following convertible debt owners converted loans plus accrued interests into common shares of the Company.
Loans
converted
Interest
converted
Common shares
of the Company
Tonaquint (note 4)
$
96,311
$
85,990
2,157,581,572
GSM Capital Group LLC (note 4)
28,790
-
436,527,302
LG Capital (note 4)
19,500
7,444
197,116,728
Total
$
144,601
$
93,434
2,791,225,602
In February 2017, the Company and Hanscom K Inc. jointly and severally entered into a loan agreement for an amount $485,000 which is subject to annual interest of 16% and matures on November 1, 2017.
During May 2017, an aggregate of $108,220 in loans from stockholders were converted into 541,100,000 shares of the common stock.
Then your Humble Opinion is full of shit Sherlock LOL.
Because I copied portions of the site when it was up...my experience told me it wouldn't be up long, and it wasn't LOL..
Funny...isn't that the same location as the digester? LOL.
"Funny how this otc is even still around"
In over 20 years of following OTC stocks, I've seen hundreds and hundreds of PIGS like NEAH be washed and polished, then put back into service with new bonnets, lipstick and bows, only to fail again. And the naive and ignorant will always be there doubling down hoping to get their money back...and trying to prove they were right all along...sad but true.
I think he's still recuperating.
"not ez to get 1'ssss at the wrong end of 1.7 bil"
Unless you're related to John Fife LOL.
At or near...who gives a RF?
ECOS and LRS are equal partners in the ECOS/BIO-art LLC JV. As everything regarding this composting project is under the joint management of ECOS/BIO-art LLC, why would it be the least bit unexpected for them to share office space at the LRS site where the digester is located?? Geeesh!
From the terms of the Supply Agreement signed December 2016..
https://www.sec.gov/Archives/edgar/data/1290506/000100201416000810/exh10-2.htm
BUYER = ECOS/BIO-art LLC
(a) During the Term, Ecos shall manufacture or cause to be manufactured and sell to Buyer for resale or lease to LRS and Buyer's customers (collectively, "Customers"), and Buyer shall purchase and take from Ecos, such quantities of the Products as Buyer may specify in purchase orders submitted by Buyer to Ecos from time to time. Ecos (i) shall not, directly or indirectly, sell or market Products or products that are substantially similar to the Products, or deliver Products or products that are substantially similar to the Products, to any other Person (other than at the direction of Buyer), and (ii) shall forward to Buyer all requests Ecos receives for the purchase of the Products, it being understood that Buyer shall have the sole discretion whether to fulfill any such purchase orders. Notwithstanding the foregoing, if LRS does not accept the Initial Product as provided in Section 2.1(b) below, Ecos is permitted to sell Products and Products substantially similar to the Products without restriction.
Yep, the more things change the more they stay the same.
Apparently the only change from 7 years ago is the words "Fuel Cell" changed to "Battery". They had to close down the 15,000 sq ft Bothel facility, destined to house the cheap 5-8 yr old chip making equipment from AMD and Intel, due to a total lack of demand for the Dr's wonderful idea for fuel cell production LOL.
If the only way to be competitive and accomplish something at a profit is to use outdated equipment located in small villages around the world, I think he's a fool and will be proven so again.
JMHO
From the new web site:
Cost effective, low/no toxicity
Uses 5-8 generation old silicon production equipment
Re-use of older generation equipment
Industry standard chemicals and processes for batteries
Semiconductor industry has very clean record
High volume batch or continuous production
Low self discharge, long shelf life
Small microscopic cells
Less points for lithium aggregation
Longlife
Large number of pores (‘micro batteries’) allows some failures without system impact
Lithium isolated or contained in ‘wells’ and not ‘intercalated’
Perfectly ordered structure provides repeatable charge / discharge cycles
High energy density and load currents
Large number of pores (‘micro batteries’)
Each pore has high aspect ratio 5-20 um x 400 um, effectively acting as high density battery
Very thin battery embodiments
Fast recharge
Yep...LRS could buy a 'clean' OTC ticker for $200,000 and go public? Why buy a delinquent ticker with no assets or IP and millions in debts and headaches and a bloated management overhead...they also already hold the 'hammer' over ECOS/BIO-art LLC??
"LRS has a record of taking over other companies and making them great."
You should show some records where LRS took over another company that was 10 years old...and had no revenues ever, let alone profits...otherwise people might think you just made that up? LOL.
"A short video of the discharge of fertilizer from ECOS BioART on Saturday, August 19, 2017"
The technical capabilities of the equipment has been proven in Korea and is not at question here. The ECOS stock you own only gets allocated 40% of the NET PROFITS from ECOS/Bio-art LLC's sales of the fertilizer by-product. What shareholders are waiting for information about is what the projected NET INCOME allocation to ECOLOCAP Solutions (ECOS) can be per machine, and if it can be financially accomplished, by current ECOS management, at a profit favorable to ECOS shareholders??
Everything else is just pennyland fluff IMO.
GLTY and JMO
"Ecolocap created their Twitter account back in 2014, but have no Twitter history for 2014, 2015, 2016, and they acknowledged this in their Friday April 28th, 2017 PR: "While things have been quiet for EcoloCap over the past few years, their team has worked hard to restructure the company and provide a new outlook for the future. As a continued effort to bring innovative technology to the world, EcoloCap Solutions has decided to implement new management with the retirement of Mr. Siegel as CEO". It's beyond me why they chose to speak in third person, but that's besides the point."
Sil...they probably did not tweet in those years because "Mr. Siegel as CEO" was too busy posting on this board 200+ times (with 30 % deleted because they were so vulgar).
There are around 150 left before he was banned from this forum the second time in Jan 2017...some interesting DD IMO.
http://investorshub.advfn.com/boards/profilea.aspx?user=502619
http://investorshub.advfn.com/boards/profilea.aspx?user=588926
GLTY and JMO
"While things have been quiet for EcoloCap over the past few years, their team has worked hard to restructure the company and provide a new outlook for the future."
tw2319...
"However, they are offering it up in the form of videos and pics of the equipment in action (in its current operational and working state), and "unfiltered" responses to the progression of the project, which to me, says a lot more than an "official pr". "
"Honestly, seeing the machine running, and churning the biodegradables through the process adds confidence to me and that is one of the reasons to add to my investment."
LOL! How many opinions do you need?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133913948
"A lot of people sort of stuck right now and as with most OTC tickers- waiting on the company to drop a meaty PR- which could really be nothing more than an update."
A meaty PR regarding the initiation of another digester project, with a different customer, could be a different story. The LRS attorneys did an astute job of keeping this project at arms length from ECOS's past IMO
tw2319...ECOS/BIO-art LLC is a private company, and very capable of making all the right decisions needed to accomplish this project at a profit IMO. Since ECOS/BIO-art LLC isn't a public company, they aren't required to file financial statements, progress reports, or PRs to the general public. The allocation of profits to the LLC's partners, LRS and ECOLOCAP, is only to take place on a fiscal year basis as set forth in the original agreements (filed by ECOS in an 8-k dec 23 2016). So, reliable news regarding financial results of the project could be well down the road. There is no 'accountability' to tweets or other social media posts.
GLTY and JMO
tw2319...I doubt if anything exciting happens before next April when LRS resumes their BIO-waste collections. LRS stated they would stop collecting Dec 15, (evidently they can't operate the digester in freezing weather).
Funny ECOS didn't tweet that...oh well!
GLTY and JMO
"Very old info !"
Filed May 1 2017..it all gets even worse when you add the last 1 and 1/2 years of missing filings LOL
"i ll try to buy more this week"
I'm sure they will welcome your donation with open arms Dutch!
From the 2015 10-K filed May 1, 2017:
1) $380,000 annual executive salaries on nary a dime in revenues for the last 10 years?"
2) Over $60 million deficit...shareholder donations that have been squandered with zero assets to show for it??
3) Executive salaries somehow paid for years by selling toxic notes to naive and uniformed penny players (at 50% discount to retail share price).
Executive Officer Compensation Table
Michael Siegel
2015
120,000
Chief Executive Officer
John Kwak,
2015
120,000
Chairman and Director
James Kwak.
120,000
Executive Vice President
Michel St-Pierre
2015
20,000
CFO
Ooops...not good?
"Audits.. yes or no? Do you think they'll get them done?"
They should be completed a week from never IMO.
I found this. Conrad Lysiak, who was linked to dozens of other tickers that ended up being pump&dump scams and insider enrichment schemes, was the legal counsel for ECOS in 2114. He threatened to sue the SEC and FINRA for refusing to process the R/S. FINRA blocked the R/S because ECOS was selling toxic notes to people who had been indicted, sanctioned and fined by the SEC for Securities violations. ECOS had to get rid of all it's Asher (Curt Kramer) notes and to stop selling notes to him. FINRA finally processed the R/S, eight months after it had been approved by the Nevada SOS. With no source of income other than from selling toxic notes, ECOS was dead in the water and defaulted on it's debt.
Lysiak is no longer listed as ECOS's attorney and apparently the number of scams he was associated with have dropped to a hand full?
http://www.otcmarkets.com/research/service-provider/The-Law-Office-of-Conrad-C.-Lysiak-P.S.?id=5946&b=n&filterOn=3
"The magic word is, 'connected,'" said Conrad Lysiak with the Law Office of Conrad C. Lysiak PS in Spokane, Wash. "What does that mean exactly? Kramer (Asher) is not an officer, a director, a promoter, advisor or transfer agent. Does the company have a debtor-creditor relationship? Sure. But is he connected? Let me ask you this: What if ECOS had filed for a name change? Would FINRA be holding that up as well?"
Thanks for the clarity...much needed on this board IMO.
LRS's law firm really did a bang up job of structuring this deal IMO.
https://www.muchshelist.com/knowledge-center/press-release/much-shelist-guides-lakeshore-recycling-systems-recent-acquisitions-0
Do you know who ECOS is using? They don't even list a corporate attorney on the OTCMarkets site?
Dutch...you left off the portion of your quote referring to the note holder?
Not exactly...it only means that the shares will be issued but restricted from trading for one year...after one year the note holder can legally convert and dump whenever they choose.