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Correction 10,400,00 after hours printed.
Everybody started celebrating a little too early. As you can see
that 24,000,000 million shares was printed after hours at 0.0006.
Now who do you think sold those 24 million shares. They are obviously desparate for cash or something else. I have spoken
to Mr. Hicton of Salmon Creek Public Relations, the PR hub of
ECCI and Mr. Michael Bidduck of the Investor Relations Department
during the week. I was asked by the Public Relations Dept to send a detailed list of questions and concerns
and I complied. That was also forwarded to the Investors Relations Department and Mr. Biddick confirmed to me that he
also forwarded copies to Mr.Ward and others in the company.
These were the same questions and concerns that I had expressed
to Mr. Hicton by telephone over two weeks ago in which he then
called me back later in the day and told me that they had a
conference meaning, Ward, Didduck, Adams, Hicton and I do not
know who else and they were considering addressing these concerns
and questions. I waited and no answer not to just myself but for all to know and did not receive any answers and then I
contacted Mr. Hicton again and he told me to put it in writing
and he would circulate it to all. I did and emailed it to him
on July 11, 2008.
I covered the March 2007 filing with the SEC where Royce
awarded himself and others stock, Preferred Series A,
Giving him voting control and also convertable into 30,000,000
million shares of NON REVERSABLE Stock so he cannot be diluted.
My question was becuase according the latest records that was
published that time before they went into non reporting status,
is how and when did the shareholders vote because the records
have shown that Ward did not have a majority of the voting stock
so how can do anything w/o notifiction to shareholders or have
a shareholder vote to do this. On and On, I covered the present
share structure, UK, Pilot Plant, Tax Returns not filed, How many full
time employee's etc.
I did receive a reply from Mr. Hicton but I think out of
courtesy to him, the compnay should report what he
wrote. I called Mr Biddick on Wednesday and Thursday and
asked him to report what was written. I also told Mr. Diddick if
it wasn't reported that I will and gave him a time line to
which he did not give me an answer concenring this. This is
typical of what this company is about. They hide behind a cloak
of secrecy and think they have no obligation to report MAJOR
MATERIAL CHANGES to their investor shareholders. Well the time
line ran out yesterday and if they do not report the email I received I will and I have informed them of this.
Sorry Co-Pilot, I think I have to buy some stock today.
I am in the process of remodeling my house and using the stock
certificates as wall paper as it cheaper then what Home Depot
wants for wallpaper. Really, this is a good buy if your in the market for wallpaper.
Typo mistake in that a NON REPORTING COMPANY DOES NOT have
to report to the SEC for various reasons, idleness, lack of business, expense in filing etc. But ALL PUBLIC COMPANIES
WITH THEIR DIRECTORS AND OFFICERS HAVE A DUTY TO THERE SHAREHOLDERS TO DISCLOSE MATERIAL CHANGES TO A COMPANY THAT
WOULD ADVERSLY AFFECT THE VALUE TO THE COMPANY OR AFFECT THE
SHAREHOLDERS ASSET IN SAME. Also non reporting does not mean
that the company does not have to file their tax returns
both federal & state if need be on a timely basis.
Any contract made by the company that is made for revenue
etc., is public information as then the insiders would have
an edge on the public in buying or selling stock and witholding
that information would constitute violating the insider trading rules established by the SEC., and also state rules
regarding insider trading. So in essense if they are holding
back a firm contract that also does at this juncture is a material fact because of their lack of revenue or business
that they have not reported would in my opinion be a Material
change because if the company is tradng stock or thru a third
party which by the way is easily accessable when you start a process they would be in violation of the insider trading
rules that apply.
I am gettng ahead of myself here and am waiting for their reply
with the hope that we all can go forwrd in an orderly way
and see this company come into its own and be a success.
I did speak with Mr. Hicton last week and expressed concerns
regarding the lack of confidence that has been building amoung
certain shareholders. I was very BLUNT and he did receive
my conversation with interest or so it seemed. He then called
me back and said to me that a lot of these concerns I expessed
would be addressed shortly. I am taking him at his WORD and
am waiting for a company reply to questions and information
to help give us all some comfort level or explain in more
detail then before as to an overview of what has transpired
over the past months. He assured me that there would be a
response and let's give the man a chance. I know he had a
conference call with the others involved in the company
regarding this. That is when he called me back and told me that they would address these concerns I have brought to their
attention. If this company is going to be a success, management
has to realize that people put their hard earned money into
this thing not to see it fail but succeed, but when you put
people up against the wall and become adversarial as to
what is or what isn't public information then there is a problem. I do not really think that things they perceive
as being private are. For instance the Regdex that was
filed in Nevada at the beginning of April then followed
by the form D to th SEC later that month. This already is public information for all. Why the mystery is beyond me.
This leads people to express doubt or that they are hiding
something when in fact it is public already. There are many
things but Mr. Hicton indicated to me that this will be
addressed. So now we wait for some answers which I am
under the impression will be forthcoming within the next week.
Look, all of us that invested in this company have been patiently waiting of course for good news. I am not going
to go into what they supposedly have in techncal know how
as we all bought in on this and now it time for SHOW &
TELL on their side or I think the frustration that has been
built for lack of what I call good communication and comfort
level will take on a new dimension.
All of us ( shareholders) have one common purpose and that is
to make money on our investment and every shareholder whether
having one share or millions of shares has the same rights.
A non-reporting company does have to file the necessary
documents to the SEC and has a different standard because
of many reasons, lack of business , costs involved but every
company that is a PUBLIC COMPANY which ECCI is, has a duty to
it's shareholders when MATERIAL CHANGES TAKE PLACE, and the
officers and directors sit at the pleasure of the shareholders
whether the shareholders are in the majority or minority.
So in essense shareholders do have rights under Federal
law and also under Neveada law or for that matter in any state of U.S.A.
I for one am willing to let them respond as they conveyed through Mr. Hicton and then we can all better judge and
understand what has transpired. I think at this point
it is a necessary avenue for the management to take and also
meet their responsibilities to their shareholders.
Stock heading to 52 week low again. No support or interest
whatsoever. It could break to a new low soon. Stock traded
down on a sale of $4.00 worth of stock. Does that tell you
something?
Nice to hear we are all beginning to get on the same page.
I can tell you I am not buying until soemthing real comes
across from the PR department. i know they monitor this board
but so far no response.
Thanks for the kind words. Yes the process is unproven
as I see it. Regarding the UK, we haven't heard a word
since their last press release which is becoming a great
grand parent to their other PR releases. You know as well
as I, if they had good news we would have heard about it.
But at this time there is no confirmation that anytbing
happened in the UK. Matter of fact all of us have no real
news from the PR in my opinion. You will know if this
process really works when they and if they announce a real
contract and we go through the steps to execute on that contract.
The biggest hurdle for all of us is that the Dilution coupled
with the lack of news has made this stock dead in the water.
I for one or my friends will not invest another nickel in this
company until we see real fatcs and not the same old bull shit
about how good the Oil & Gas Industry. IMHO the decreased
value in this company is all on the shoulders of management
and until they come forward thru a PR release stating concrete
information to judge, will anyone I know even consider buying
into this company.
Confidence must be there and from me there is none at this
time. We will see in the next few days if management of this
micro steps up to the plate and shows some respect to it's
investers and comes forth with some real info.
Let's hope it holds also after hours and some news comes
forth to start to build the bridge of confidence and
success for all.
Stock not far from hitting the 52 week low of 0.0006.
It's a disgrace and only shows how much confidence has
been lost in this company's leadership. The best thing
to do imho is just to watch this thing and stay away
from buying as everyday if you buy at any price someone,
you know who will sell printed stock after the close of
the regular day's trading and add more dilution. It's
better at this point if it doesn't trade at all. I think
w/o any positive news or block building to start to instill confidence this thing is almost gone. At this point it may
be too late as the management should have reacted in some way
a month ago or so but just let this stock lanquish. The
dilution and lack of reaction from the company has put the
stock where it is right now. Please tell me who benefited
from this lack or poor judgement on there part.They still
have to raise money going forward and anyone with any common
sense is going to look at this and question the way things
were handled. I hope I am wrong but it doesn't look that
way. I have been saying this for months to deaf ears,
who supposedly have the experience inthese matters.
Yeah Right!. Let's see how many more shares they will sell
after the close. How far can arrogance take you.
Please tell what world are you in. ECCI a/r stated that
they are concentrating on the Oil & Gas Industry. You keep
showing weather reports like anyone gives a crap. They
have limited equipment, a couple of machines in transit or
in the UK. A couple of contracts and they will have to build
more machines. Do you get the picture, no machines for
hurricanes right now. Right now they are concentating on
getting their first contract in the schale. That is the
most important thing that all of us have to see if this is
real and not bull shit. So far the process is unproven to
the world and only a contract and production and revenue will
make this believeable. Those steps in that order will make this
thing believeable.
Anyway I can get a hold of you so we can discuss. I have more info to discuss with you.
Well Flaguy it's not bashing, it's the honest truth. What all of you fail to realize is that you are aiding and abetting. I realize that you have a stake in this company, but Hoping and
being Quiet will not help you. My stake is quite larger and
we may be in the top three as per dilution and before approx
40% of the float with me and my group. We have come to the
conclusion after losing 90-98% of our original investment which
is north of $800k that this company has done less then nothing
even with the recent PR. Just check your facts. Last June this stock was above 4 cents true or false. Since then just
take a look at the trading. Tell me in all honestly if this has not been a systematic take town down. That means anyone who invested in this company and do not mean to make money
on a few 1/10 of a cent or now 1,000 of a cent has made anything
but lost almost all of their investment. I must say that a
few individuals of the group have been in contact with Ward
in which he stated many times he would not dilute which in the
end was a LIE. Many conversations have taken place about
the Lakes, UK and the Schale's, DILUTION etc., filing their tax
returns, going back on a reporting basis. I am sure as
you have said that you have had similar conversations with
Ward and others in the company regarding the above. So you
know what I mean. None of these concerns were ever addressed
to date.
We have concluded after reading this last Vague PR in which I called Mr. Hicton and his reply was it was very clear and
had nothing to add to it to clarify. Well to me the last
PR was not clear. Questions I had asked him like is the Pilot
Program on a drilling site or why was it put on this site.
Is there a drilling company in partnership or co-operating in this Pilot Program. Does ECCI have any contract with anyone
to use this process. What can he say about the Dilution and
so on and so on. He had no answers except that the company in
his opinion has a big future but would NOT comment on anything
except he stands behind the PR statement and perhaps you can
translate it to me and tell me without all the fill that was
supplied to educate us about how good the Oil & Gas Industry
is meant anything. I didn't ask for figures like how many
gallons will it pump and at what price etc. I also like the
part in the PR that revenue will be coming out of this stated
from Royce not Adams. This is still the same old shit that
I have hearing from this comapny for more then a year now.
We have lost confidence and know that our investment is gone.
Yes we hope, but sitting on your hands is not what we intend
to do. The Dilution issue which is still not confirmed by
the PR department is beyond belief as you know was filed on
April 14th as a REGDEX by paper which we have ordred a copy
of said filing. I cannot say it was done intentionally but
all of sudden this was counter to their past filings which
were done electronically. As you may recall a lot of shares
changed hands at the end of March thru early April with no
one aware of this filing which in my opinion had a MATERIAL
effect to all the exisiting and new shareholders. Remember
one thing that shareholders have rights even if the company
ceases to report to the SEC. There is a good tutorial on
this at the SEC. In my opinion the shareholders rights have
been have been violated starting with the granting himself
new shares, series A and non dilutive shares in his March
2007 filing in exhange for renumeration etc., Nothing is
backed up by fact. That in my opinon is not the way you handle
things while operating as a public company. Usually you
notify even if you have the majority of the voting shares
to air shareholder concerns. We do not even know if in fact
he had a controlling interest and he acted as President, Treasurer and the Board member as per the SEC filing.
One good thing in all of this is there is a paper trail
to all the trading as required by the SEC as required
by them and NASD, so we can actually trace if need be.
The point being we have had good intentions investing our
money in this company as like you we believed that this
company had a process that could revolutionize the Oil
& Gas Drilling industry amoung other areas. We have not sold
any stock and if we did which is our right this stock would down to 000 at the end of our fire sale. Al we have asked for
is a honest shake with honest answers as we feel is our right
or any shareholders right. Half truths don't cut it and
especially lies, like the great job that was done in the UK.
I think we all know by now by their non reporting nothing
substantial happened in regard to obtaining any meaningful
revenue. The question one has to ask at this juncture is
why Believe when everything turned out to be a non event.
Why is this going to be different then before.
The way I see this in my opinion is that they are in the hottest area or business climate by being to deliver a
process for the drillers right now. This process according
to everyone will save the drillers a ton of money and up their
profits by using this process from ECCI. Recycyled water is
a must for the drillers for two reasons in the schale, one
not to keep creating dirty water and the drought in the Texas
area where the schale is. Why aren't the DRILLERS takng
tickets like in a bakery and lining up to get ths process
from ECCI. Money is not an issue for these companies and if
as they have stated in a prior post that orders are forthcoming
why haven't we seen at least ONE ORDER from a legimate MAJOR.
Do you think they want to pay more to extract. The bottom
line is we have all been biting on this HOPE issue you have
brought up. I personally think that they are throwing as much
shit up against the wall hoping that something will stick.
This last PR in my opinion was a way to keep everyone in
line and quiet. Not a PR announcing that they will go on
a filing basis, or that they will seek financing or that
the the machines in UK are coming back or staying, or that
the float has increased due to pay their bills which Ward has
always stated to others in that they do not need mney. If
they needed more money why didn't they come to existing shareholders to offer a bond, or preferred stock. The reason I believe is that they will not release any news because once
they open themselves up to answers to questions people will
find out that they have nothing to say.
In a real company all of these people with the exception of Adams who is new would have been fired. but these for the
most part are part timers so Royce can show the company
as a real entity.
This is my answer to you Flaguy. I would not tell anyone
to buy this stock at this time. I do not see a positive
end in sight and I really wish it would happen but to keep
your head in the ground is not going to change anything
good or bad. If you feel I have not spoke n the truth
please feel free to tell me where I was not accurate. I have
a lot more to add but i think this answer right now should suffice. I think all the shreholders should get together and have their own meeting so they can confront Royce and the board. Right now in my opinion this company is worhtless
unless major changes are made to it's reporting and other
areas that are needed for it to survive as a going concern for it's shareholders.
This stock is not a new company and it's stock at one time was $2.00 in change. But just take a look at this stock over the
last year and a half and please tell me where any progress
was made to date.
Tell me Flaguy where is the lie, where is the bash, but only
the facts and truth as we see them.
Your Right, news everywhere but for ECCI. This stock cannot
get out of the 000's. Why is that. because no buyers and
for the most part just one seller in volume ( guess who).
With all the great news out there in this part of the patch,
where in the world is ECCI. No Where. No creditable news
becuase there is nothing to say. Just a systematic take down
for over a year now. If your not stuck stay away because this is a disaster as a company.
Bullish: See the after hour volume & price? Any comments.
I a sure you noticed the after hour print.
You are 100% correct. I think the PR dept should follow up
and clairfy as it is confusing. This pilot program I am
assuming is onsite for a driller as I cannot see how they
would pump water unless there is some kind of pipeline
which I do not think is the case. Acutually if this is true,
it is a major move on ECCI's part and is the beginning of their rollout. I also think that having a unit on site at
this time shows the drilling community that they are ready to
take on more business and my gut feeling is that they will
land a major driller soon.
I hope the PR reads these blogs and realizes that people
are investing in the future of ECCI and will come forward
with positive news like when they will file their returns
and go back on a repoting basis. To clarify more then be
vague in their reports and so forth. We all realize that
this is in a developmental stage and will take additional
financing and tweaking but water is the most precious
commodity we have and will be even so in the future. The
CEO is old school and his thinking what is right in todays
world is not what people are buying. At some point the
realization has to set in that you just can't expect people
to invest and tell everyone, don't worry you going to be rich.
People want to know and to keep suppressing information
that is already public gives the impression that they
are doing things for personal gain. Remember as shareholders
you do have rights and the officers and directors have a
major responsibilty to act accordingly and on behalf of the
shareholders. To explain things in layman terms is not inside
information.
Let's all hope that we can get some clarity to this major event
and clear up all the doubts about which direction ECCI is going with the great news they reported yesterday.
okay but let's see today if t heir is any movement.
I hate being played.
True, but if the share structure is 350 million then do the
math. This stock should be selling in relation to Esph at
5-10 cents. The question i ask myself is why at we at a
bottom. Let's see with this news if we get some mjaor movememnt.
You know as well as I that the share structure is at least
5-6 times that right now. Myself and friends had a major
stake in this company before the dilution which we are not
very happy about and I wonder how much will be added if any to the float in the coming months. They need to raise substantial
financing if this thing is going to fly. Also would like to
see more specifics about how much revenue can be derived from
this pilot plant and who is the licensed operator and of cause
a contract or two to instill more confidence that this is for
real.
ESPH IS SELLING FOR .50 PER SHARE AND THEY JUST HAVE A PILOT
PROGRAM. MAYBE THIS ECCI PILOT PROGRAM CAN BE MEANINGFUL BUT
WE NEED MORE INFO AS TO HOW MUCH THEY EXPECT TO PUMP ETC.
WHAT IS THERE TIME LINE. I KNOW ESPH IS BUILDING THEIR PILOT PLANT WITH DEVON AS THE BUYER. ECCI MAY BE VERY CHEAP HERE.
You think so??????
Right now they are trying to develop relationships with the
Natural Gas Driller. They hired a new COO to do that. Stay
foucused in the area that is hot and in need of a process to
recycyle the water. They are in the right place at the right time by design or by accident but they are in the hottest area that could use this process. If they can launch a meaningful
relationship or relationships it will be here by virtue of a contract or two. If they cannot then there is a hole in this process and I do not think that this company can survive because if it doesn't work where they are concentrating their efforts where else are they going to go. Waiting for disasters
to happen is not the way to ge into the business and is also costly because of staffing and equipment which is limited on
their part. Maybe if they had a agoing business that was good
and we knew for sure tht the process worked they could send equipent and staff to an are hit by a disaster but they really do not have the capabilty in my opinion to do that. The next
few weeks will more or less guide you as to whether this is for
real. If it is they then have to secure financing to increase
their capacity to accomadate others. Sit tight and the answer
will come one way or another in the next few weeks.
Please tell me what are you trying to do.What your doing is old
news already. It would be better if you posted something more worthwhile. One of the posts already said he two units are reutning to the USA. Why not focus about what is going forward
not what everyone knows alredy.
Any real legimate contract with a major firm or firms will
send this above a penny. Look if they have already tested
the product which I assume they have and now it is going into
a semi operational stage to maybe tweak it and make adjustments
and do add ons etc to make more efficent and more reliable
which would make sense then the next step would be to raise
more capital thru partnerships with the various drillers
using part of the profits from drilling to invest into more equipment limiting the dilution process and keep this thing
from becoming destructive to the price of the stock and running this company for say a period of time until they are
ready for a new rollout raising sustantial capital say above
100 million to captivate and make this process the standard
of the industry. These things are possible in spite of Ward,
if this process is the efficent and cost saving process that
addresses the problem of regenerating the water that is needed
in drilling natural gas wells. It could be a wind fall but only if this process really works. So far we have not seen
that, but I am assuming that they have tested this product for there potential clients and the clients like it enough to go
forward with this. I have said in the past that money is NOT
the issue here because these companies have so much that it
would be in there best interests to co-partnership with ECCI
in some way that makes sense to build and develop the process
even more. the only thiing that bothers me is the issuing of
more store and the dilution we have gone thru which in my
opinion was kept silent. I have two thoughs that cross my mind
and that is that this could be a hoax and a grind down by
keeping this going for a period of time and just grinding
out nicles and dimes out of this thing over a period of time
or this newly issued stock which will be a bone of cotention
somewhere down the line was to give people the opportunity
to get into this thing and buy it freely on the open market
and make everything legal before good news comes out about
this process by virute of real contracts. I know a lot of stock
has been sold, but I am curious as to who bought all of this
stock. I do not believe the average person bought up all the
250 million if that is what it is of the new stock issued
as this company in my opinion has less then a 100 shareholders.
So it would be very interesting to see who the real buyers were. There is a posibility that the clients bouhgt a large
chunk of stock thinking if this works they could cash in on
all ends. It's a real possibility if this process is the real
thing. As far as going to the midwest for floods and worrying
about if a hurrican is going to happen, i do not think or
from what they have said in their PR, that is what they are
after right now, which does not bar them from trying to get
that business in the future. They are going narrow and deep
realizing that they have mitied equipment and capital.
when you called adams and Ward, did they say anything about
this company.
do you think you could share the info with me as i would like to know.
TY
Thanks for the info and you also see what we all are
dealing with. The question is if any of this is believeable on their part. You see the stock and I am besides myself.
if he didn't float more this stock would have been higher.
My only hope is that they really have something. Thanks again.
Your right in concept but with limited resources which ECCI
has right now, I think enough with the bullshit. They obviously set up a game to try to get their foot in the door
within the schale and that is the direction I hope they are
going in. To be spread out is the not good financially and
with a limited amount of people. If they could get their equipment to perform at eighty percent of what they think itcan
do then they will be ahead of the game. All it takes is for
them to gain a relationship with a substantial driller and then
they will create interest and demand. They are better off right now to be narrow and deep. Being all over the lot will
not help them or us see anything from it.
Of course the main ingrediant is if this process really works.
I think right now we are at a pivotal point as to whether they
will be able to achieve this task. I know they hired a new
COO and I know the PR would like nothing better then to put out
positive news if there is positive news to write about. I do
not think people will go for the forthcoming or beating
around the bush kind of release anymore. Guy's in the next
few months it's shit or get off the pot time. They will
either secure a partner to try the equipment and then the
next question will be how many gallons will it recycle per
day and the price for doing that will either be good for
both parties or not but the main thing right now is to get
one unit started with a big end user who has the potential
to buy as many machines they can manufacturer over the next
couple of years.
The big negative is the additional stock that they floated
on the market. I do not know how much revenue they raised but I
personally do not believe it was all that much when you really
come down to it and one day we will all find out. as I have
stated before if this is the best process around people would
be throwing money at them and the company wouldn't have gone
into such a small offerering with top end at a million. Plus
the fact there is alot of gray area when you come right down
to other aspects of this which I prefer not mention at this time.
My gut feeling is that we have a 30% chance of success at this
time for the stock after a decent announcement of an
established meaningful relationship will take this stock because
there will be so much selling to about 2-3 cents. Then the
model goes into production in which they will have to raise big money. BUT IF THEY HAVE THE PROCESS THAT REALLY WORKS THEY
CAN CASH IN AND MAKE MILLIONS OFF IT. So far we have not seen
it and I really do not know much about the new COO but I want
to believe to at least give him some time to gain some
relationships. Let's face it, he may be bright but what
could ECCI afford. It's not that could go out and sign a very high powered pro at this time but maybe later they can
get someone to take them to next level but right now we need
a realtionship and a contract to really show the world that
this machine works.
We will know fairly fast by news that will either come
out or silence which will tell you the answer.
Didn't you read their PR. They are concentating in
the Schale right now. What makes you think this is a hurricane
play. What machines will they have available plus manpower to
handle a hurricane. Does anyone know if the machines in the
UK arrived back in the states? Have you heard any annoucements
regarding this. If they cannot make a go in the Natural gas
fields right now, then this company is toast. Everyone is
waiting to here about some contratcs that were forthcomong
as per the PR of April 9th and announcement by Ward. it
comes down to a very simple reality and that is it either
works or doesn't. That is the real reality of the situation.
I wish I could say it works but as time keeps moving forward
without any concrete annoucement in an industry that is looking
for something along these lines, it leads me to believe that
we may be looking at a half truth and do not know all the real
facts and if ECCI's process is good for the drillers. If you
were a major driller and could tie up a process for at least
a couple of years before anyone else could get their hands on
it for lack of equipment, wouldn't you tie up all of the
available machines that ECCI has now. You can probably count
them on one hand. It is less then a drop in the bucket for
a firm like Devon or any major to do this. even if the process
is 80% of what it is meant to be. You could always tweak it
to improve on what they have. So I do not believe the hurricane
play is in the cards for this company. The stock is languishing and only when they have something to hand their
hat will this stock move, until then just look at the range
this stock has traded in and I think you could guess the answer
as to what is happening.
Who cares about what ESPH is doing. It's what ECCI is
doing that counts.
It doesn't matter who has more funds. It's all about who
has the right technology in this process. If ECCI has it,
money will be the last thing to worry about and building
enough units will be the biggest problem. With not an order
I tend to beolieve after lmost two months where they have shown
their machines and there capabilties, if the people looking
liked what they see there shouldbe no problem for them to
give them some kind of contract. It's to their benefit.
I just do not see it right now.
I do not think the officers and CEO will have to prove
anything at this point. The technology will sell the process
if it really works. I think all the nat gas drilleres will try
many companies in their quest to achieve there goals. The big
question is whether the process ECCI has, really works. So far
we have heard thru the IR that tests were good in UK and other
areas but still no orders confirming that someone else sees this process as a positive. My first thought would be if I had
technology to change the face that nat gas drillers will drilll and save tem a ton of money which will make me a ton
of money, what is that worth. Would I go and sell stock in the
sub penny market or go to a solid investment banker or venture
capitalist and raise enough funds to bankroll this thing into
a major concern. in addition do you think Devon or any other
major driller would let thus process slip through their hands
and not try to tie it up if this thing really works. There is such a demand for this type of process but the big question
for ECCI and others is do they have what these drillers
really need. I realy do not know but I suspect their is
some kind of difficulty going on getting a legitmate order
from someone for this ECCI process. I hope i a wrong but
my gut feeling is this process is maybe missing some kind of
important component for this process to be accepted by the
majors. Something is hiolding this thing back or maybe it
plain doesn't work. I don't know but am not happy with
the way the stock is acting. You buy on rumor and usually sell
on news. The proble here is that nobody on this board know
the real answer either.
Also I would like to point out important dates that I think
have some merit and a connection in some way.
March 24, 2008--Unusally high volume
March 26, 2008-PR annoucement
April 3, 2008-More stock issued thru Sec of State of Nevada
diluting existing shareholders.
April 3-5th-2008- Everyone asking
where did all this stock come from. Call PR
and said they did not know. High Volume.
April 14,2008-Sec paper filed. About a week later the cat is out of the bag.
I am out of the country now but will tally up the shares on
a daily basis when I get back. If you read the FD from SEC,
I think a material thing happened where shareholders should have been informed prior to the new issue of stock that they
were going to be diluted by 4-6 times. That is a very substantial dilution without a word. Other shareholders
new of the dilution by the act itself. The the large volume
followed. Now you see with about 300 million shares traded,
the stock is in no better shape then before. If the stock
was not diluted we would be well over a peeny or two with
the news that has come out since then. The question one has to ask is would that news have come out if they didn't increase the float and was that done by design. Also such
a material change in my opionion violates the FD from the
SEC. These are some of many questions that will be asked
at later dates. All I want as I am sure all shareholders
want is a fair shake and from what I have observed, selective
info has been given out or concealed by virtue of the 504 or
whatever instrument they used to increase shares. I have always
asked about the float with no one in IR giving out any info,
saying they weren't sure what it was. The other question is in
March of 07 did the CEO have the right or the authority and
have a majority of shares to vote, as he didn't call for a vote to give himself the Series A Preferred and the non dilutable
30,000,000 shares plus other stock for others for forgiveness
of debts.
I just read that release again and I see no mention of any
contracts in hand. It's all hope. You can read the PR from UK about how successful they were there and then what happened.
Never a mention again. You know why? Because they weren't
successful, in reality. If they had a contract in hand from a
quality company they would plaster the PR all over the place
and the stock wouldn't be in the crapper where it is now. I
don't know how long you have been in this stock, but i have been in this disaster for over a year and we are stuck and like
you hope a contract will come very soon. I have learned not to get my hopes up on this company. It's always one dissapoinment after another. Iwent through the UK, the lakes
and now the Schale. The way I see it the main hurdle is the CEO
who runs this thing like a candy store. They haven't filed tax
returns in years, he diluted the stock while telling people I know that he didn't and so on and so forth. Now this thing
is going to come to head. The funny thiing is that he is in
the right field and in the right place at the right time but
I really do not know if he is the guy to carry the ball. Look
what the stock has done since the end of march with over 300
million shares traded. Back to no where again. It's pitiful.
Well if we do, it's news to be. Maybe you can point me in
direction that says they have any contracts. If you know of
any contracts that ECCI has now, please feel free to tell
us.
So please tell why, we do not have a contract if this process
is so superior and can handle more water volume. It seems
to me that this is like the announcement that ECCI made about
the UK, which was a bust or we would have heard great things.
It was so good that the machines are coming back or arrived back in the states. The stock action today is typical of what
has been going on for the last year or so. It seems that Roycis speaks to a selective few who carried the word out, which is usually bullshit and nothing ever happens. I truly hope that they have a contract but who knows. You will see
if they do get a contract it will be from some company no one ever heard of just to keep th hype going.
If Devon or the other drillers were so hot on this process and
felt that they could save the amount of money that whoever put
the business model on this board they would jump on it and
reserve every machine that they could get their hands on.
As far as the dilution, this was a timed event and finally
they filed a form D as required by the SEC. Of course it
was filed two weeks after a ton of stock was sold and was
kept a secret. This guy is just printing paper and selling
at any price. Who in their right mind would want to raise
money by selling at a sub penny price when you know you have
someting that can change the driling industry for the better.
In the opinion of this writer it's someone who is so inept
or stupid or knows what he has is not really what it is hyped
to be. It's now almost two months since his famous forthcoming
statement and look at the price of the stock. He's not selling but the company is. Who else has the stock to float
in the amount that has been traded since the end of march.
People are waiting for hurricanes like ECCI is ready to deal
with it. What is Royce going to do, send a pale of fresh water
to the sight. Usually a company with a good idea that can
work goes to a venture capitlist to raise funds. To me they
are just raising enough to pay themselves and expenses. I
am just waiting for the next shoe to drop.
If they really have something we will know probably this month
as they will not be able to hold the troops in line to support
their existence. it's shit or get off the pot time. Maybe
Royce will change his foucus to Burma now, to clean it up,
who knows with this guy.
See Devons record profit for the quarter and they mention the
Barnett Schale. as steady predictable profit and flow. Everything in the schale is working well for all drillers.
ECCI maybe able to get some menaingful business now with this new COO. If the drillers take on ECCI the voulume can be so
great it will keep them busy for years to come.
Yes there always is a quiet period before the storm.