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"So if What I read is right re: your discussion with Janice then this won't affect anything until they can actually issue them at which time we're all screwed more than we are now?"
The 14C deals with a Nevada SOS corporate action to increase the A/S to 20 billion and had nothing at all to do with any discussions I had with Janice regarding SEC rules for the length of time required for restrictions (6 months or a year?) on shares issued by a delinquent filer??
The person that made it into a sticky obviously had no clue either LOL.
GLTY and JMO
"so its like locking up the shares and throwing away the key."
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.
Wrong again!
Please read the ECOS/BIO-art LLC agreement one more time.
ARTICLE 4
ALLOCATIONS AND DISTRIBUTIONS
4.1 Allocation of Profits. After giving effect to the special allocations set forth in Section 4.3, Profits for each fiscal year shall be allocated among the Members as follows:
(a) All Profits resulting from any Net LRS Output Sales (i) sixty percent (60%) to LRS, and (ii) forty percent (40%) to Ecos;r]
(b) All other Profits, if any, to the Members, in accordance with their Percentage Ownerships. (Which is 50-50)
"So the further dilution to 20B shares will just make ours worth what? .00005?"
Currently it would be 1/20 billionth of nothing as ECOLOCAP has no assets...just liabilities. If ECOS/BIO-art LLC is successful, maybe a year from now, it might be worth something if their 50% ownership interest in ECOS/BIO-art LLC produces a net profit which can be allocated to ECOLOCAP Solutions Inc. per the agreements.
GLTY and JMO
"They must no longer have majority for the 14c, otherwise they would of done what they have in the past!!"
If you are referring to a R/S...they can't do one as long as they remain delinquent in their SEC filings??
Both the restricted and the float are 'issued' shares, and therefore are always part of the total Outstanding.
Proposed 20B?
No final 14C yet. Should show up in your mail, or as an alert in your brokerage account, or never.
https://www.sec.gov/Archives/edgar/data/1290506/000100201417000135/eci14cpre-08032017.htm
"Lakeshore Recycling Systems now operates seven Material Recovery Facilities throughout the Midwest, increasing annual revenues to nearly $170 million and our workforce to over 720 full-time employees. Now, Lakeshore Recycling Systems has increased the amount of controlled inbound waste to nearly 2.2 million tons per year."
Lakeshore Recycling Systems LLC is ready!
ECOS/BIO-art LLC is ready!
ECOLOCAP Solutions Inc (ticker ECOS) is saddled with toxic debt and a soon to be 17 billion+ O/S.
Which one do you own shares in Dutch??
Again...where is a practical tie in to Neah Power Systems that shareholders could benefit from and that might prevent NPWZ from filing BK?
"Where is the tie in ?"
'Wishful thinking' is the likely tie in...doesn't require any special skills, training, or experience, almost anyone can do it.
"All I see in your post is speculation."
LOL..all opinions are speculation. That's what this forum is for..to express opinions on the merits of investing in ECOS stock?? If you're looking for FACTS, you are in the wrong place. You won't find many facts on social media except when someone posts SEC filings. Mostly rumor, innuendo and hearsay.
"What information did you base that on?"
The discussion regarding the time line for the installation of additional units at LRS's other 4 locations.
"I believe the digester is now going full time at LRS."
Of course it is? But that does no automatically mean it can all be accomplished at a margin of profit that will offset existing losses on ECOLOCAP's books, and make the value of a share rise?
GLTY and JMO
"We know what is in the pipeline here. Your statement is nonsense."
Hardly nonsense? There is no 'accountability' for what is posted on Facebook, Twitter, or IHUB? Only audited financials, filed with a government regulatory authority (SEC), are accountable as they are 3rd party verified. ECOS is 1/1/2 years delinquent in their filing of accountable information. So how can 'we know' if the projected revenue stream will begin to offset the previous toxic debt overhang on the books? It's old shareholder debt, and ECOS has defaulted on most of their notes which carried high interest rates as well as default penalties. Those additional liabilities have to be added to the original notes and 'calculated' quarterly. As they have been compounding for quite sometime, no one really knows what ECOS's total debt is, and won't until the audited financials are published,
From information gathered by Deal_guy on his visit to LRS, my guess is that ECOS's convertible debt overhang may already be insurmountable, unless other sources of revenue can be added to the mix very soon..
GLTY and JMO
Proxy letter mailed to shareholders of record today...per pre 14c?
"I heard there are around 4,000 units in Korea."
LOL...the Dec 23 ECOS 8-k said 400 units in Korea?
They had to insure a composting capability to even bid on the Highland Park (30,000 customer) contract...thus the Korean digester.
My guess would be that NEAH's convertible debt overhang is already insurmountable. It's shareholder debt, and NEAH has obviously defaulted on most of it. Those toxic notes carry both a high rate of interest as well as huge default penalties. As those additional liabilities are added quarterly to the original notes and 'compounded', with no visible means of being payed down, it won't be long before BK will be the only option...and poster opinions won't amount to much LOL.
GLTY and JMO
The need to be right is a very powerful emotion, and the one behind all addictions, including gambling on penny stocks. No place for it in real 'investing'...leads to disaster every time, especially when death spiral toxic funding is involved as it was with NEAH.
GLTY and JMO
"I am celebrating and supporting a company that has elected to do the correct thing!"
Sounds more like someone just trying to satisfy a strong human emotional 'need to be right' as expressed on a message board? Very common in pinkyland LOL.
An accurate prediction...
"Lets hope MVTG gets that grant or Mr CEO is toast. I still have high hopes and expectations there."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118033166
"thats 60% our profit hommies!!!"
That's funny...it clearly states in the Bio-art agreement ECOS only gets 40%??
Big difference!
"ARTICLE 4
ALLOCATIONS AND DISTRIBUTIONS
4.1 Allocation of Profits. After giving effect to the special allocations set forth in Section 4.3, Profits for each fiscal year shall be allocated among the Members as follows:
(a) All Profits resulting from any Net LRS Output Sales (i) sixty percent (60%) to LRS, and (ii) forty percent (40%) to Ecos;
(b) All other Profits, if any, to the Members, in accordance with their Percentage Ownerships.
The FACTS are in the filings.
But,but,but it represents the ONLY factual information from ECOS that shareholders have access to..LOL
LMFAO..."old information"...that 10K for 2015 was just published May 1.
FYI, this forum is for nothing more than poster opinions regarding the merits of investing or not investing in ECOS. If you want facts only...read the filings LOL
ECOS still owes all filings for 2016 and first half of 2017. How about all the derivative liability (interest and default fee calculations) for the last 1 1/2 years that have compounded quarterly and haven't even been revealed or filed yet? Could take tons of shares just to satisfy those additional derivative liabilities LOL.
JMHO
LOL...do you want a refund??
LOL...sorry DUTCH but I can't post more relevant or up to date information for you because it hasn't yet been been released (filed) by ECOS. You will likely be one of the first to be shocked by it though when it does come out.
"Kenny ECOS Bio-Art just doesn't "sound" Great But it looks great operating at LakeShore Recycling a multi million dollar revenue generating company!"
Of course it looks good, who says it doesn't. But you do not own shares in ECOS/BIO-art LLC or LRS...you own shares in ECOLOCAP Solutions Inc which is up to it's eyebrows in toxic debt...If ECOS fails or has trading suspended and it's ticker revoked...you get ZILCH of what looks good to you.
GLTY and JMO
"debt could have been paid by now"
The pre 14c said otherwise LOL
What on earth do 'you' think the 9.2 billion new shares are needed for??
Makes one 'wonder' how much was wasted here...must be a Trust Baby?
No other plausible explanation lol.
Get your own accountant or investment advisor to help you with it.
https://www.sec.gov/Archives/edgar/data/1290506/000100201417000081/ecos10k-12312015.htm
"I'm not a fan of the remaining debt that has to be paid off but if the positive developments that have been happening continue...the market will be willing to absorb the debt easily enough as time goes on"
Anyone doing DD on an OTC stock like ECOS needs to start by carefully reading the SEC filings. If you find any floor-less toxic convertible notes, (death spiral) in the financials...your DD is finished right there.
ECOS has sold toxic death spiral convertibles for years, so assume they are still being converted and sold into the market. The toxic convertible buyers are always guaranteed to make money on the conversion and sale, regardless of price. The only limitation to their sales is volume...they always need to find people willing to hand over their hard earned cash and buy the deeply discounted stock from them at market price.
Defaulting on all their notes in 2014 has caused a 'unigue' situation for ECOS, in that the interest and default penalties have been 'compounding' out of control ever since. ECOS is now deep into the death spiral IMO.
No one should ever put one cent into a long term investment in any company that has sold death spiral notes because the stock is guaranteed to die (regardless of how great the technology sounds).
Going long, for short periods of time, is a totally different thing and is not 'investing' LOL.
GLTY and JMO
"It was 2013 when you visited ECOS!"
What kind of phony made-up statement is that? He went there to do some DD...are you calling him a liar?
He was just there 3 weeks ago...DUH!
Yeah, years ago.... LMFAO
bob-barefoot Thursday, 07/20/17 12:11:05 AM
Re: tw2319 post# 34641
Post # of 36754
I went to the office & found no official representative they were renting the space to others (mostly foreigners who spoke very little English) they pointed me to an empty desk that had business cards on it with the ecosystem logo and website!!
At least you got a free tour of Ecos headquarters LOL
"I went to the office & found no official representative they were renting the space to others (mostly foreigners who spoke very little English) they pointed me to an empty desk that had business cards on it with the ecosystem logo and website!!"
"$ECOS has a lot more going for themselves than you give credit for."
Maybe you could enlighten us all by providing a list of the things they've accomplished in their 10 years in business....and to why they've never had $1 in revenue and why they wasted $19 million in shareholder funds with no assets on the books to show for any of it?
That will be interesting reading.
GLTY and JMO
"Stop sign not going to stop the lucrative partnership they have with a multi million dollar company Lakeshore Recycling!"
That's right...ECOS/BIO-art LLC and LRS would continue to operate even if Ecolocap Solutions went BK...the only problem is ECOS shareholders would have nothing but unpaid debts from the previous ECOS adventures. Read the agreements and the filings.
The market knows that!
GLTY and JMO
"Insider trading is illegal."
What government regulator watches non-SEC-registered sub-penny stocks like SIML for legality? LMFAO
"This company continues to surprise me every day. Lol."
I wonder why?
"I'll tell you why. SIML is a shell of a company with a dying product line that is more than 10 years old, no cash, a dwindling customer base... and SyncPal is at best a "me-too" product that will fall far short of the millions of dollars in revenue that the company has projected in its PRs."
Thanks for your professional opinion. Unfortunately 'wishful thinking' always seems to trump reality in pinkyland and since it requires no special skills, training or business experience, almost anyone can do it LOL.