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For whatever reason the MM's use short sales to reposition shares. Their not reflective of shorting stocks and short positions through normal channels like one sees when they get the monthly short interest reports on Nasdaq and Big Board Stocks.
When is Siegel going to inform shareholders on the details of his financing arrangement with CVP. Don't shareholders have a right to know?
Updated Share Structure Data From TA
Good Afternoon,
Please find the updated information below for Ecolocap Solutions:
Authorized: 5,000,000,000
Issued & Outstanding: 2,610,963,434
Restricted: 131,304,731
Have a great day!
This represents a 359 million share increase in O/S from what I previously reported on 11/18.
I've been out for several months now. The only way I would consider buying this stock again is when I know exactly what the financing deal really entails, and there are specific Contracts that I forecast to a degree of certainty future revenue and profits. One more thing. I'm pretty certain there will be a reverse split to enable the SP to get out of the sub-penny situation with 2.5 Billion shares outstanding and another 2.5 Billion in the wings. Why am I so certain it will happen. Because that's the only scenario that could get real Retail into the stock with solid financials going forward. It doesn't matter to Traders and momo players who are looking to make a quick buck on Runs which they are hoping to happen again here. I'm sure a few of them profited on the last one that went to .0015. I'm not about to get sucked into a Run again, just to see it come full circle like the last one. JMHO.
Everyone have a joyous and peaceful Thanksgiving with your loved ones.
Well then maybe you can get the Mayor of Toronto to buy a boatload.
Nope. Just threw it out there. Took my medicine (losses) pre-hoopla. Still think it's a crapshoot for long-term investors.
Sounds like you had millions of PHAR shares before the merger.
I guarantee it!
Actually the SP went higher than .0012. And that was on the initial news of financing from CVP. Now we about all this D fuel that is going to be produced and sold with 10's of millions in Revenues starting in January and the stock price can't even hold above .0002. You can't help but be a little skeptical.
From your volume history of posts you've been around long enough to possibly give some insight as to what's going on with these huge daily transfers by some MM's.
My bad.
No, I didn't buy this POS after Kendricks history with N and Q for that matter. Do you think it's any coincidence that the SP went from .15 to where it is now after he got involved?
Really. How do you know that?
40 million shares issued to Freedom Holdings, LLC (a non-affiliate)per the Quarterly. Who might they be?
Funny how the Mod's deleted my post but not your reply. Would the Mod who deleted it please respond.
The Pink Sector is a much underregulated market which allows the MM shenanigans to play out. Toxic financing in the Pinks has also gotten out of hand. This all plays to the detriment of real, transparent Retail
vince, it's obvious that none of us know exactly what is going on with these crazy trades. But I think one thing is clear though. Regular retail is out of the loop. Some kind of repositioning by MM's. We need a penny stock pro who has real insight to advise.
Shhhhhhhhhh!
Yeah SunScents, she's head'n where MK other pride and joys are at right now (Q and N). History repeats alright.
KART, you know the old saying about "If it's too good to be true."
If all that's being made out about ECOS is what it is then logic alone tells me this stock cannot be at .0002. There's no monumental disconnect at play here. It is what it is. JMHO
That's what I like about you Vince. You keep it real. Fife provides Toxic Financing just like Asher does.
dreamx, good find on John Fife. I googled and Wow! People need to check out his involvement in other companies and the SEC Fraud Claim and Judgement brought against him back in 2007. Fife own Tonaquint which converted loans into 186 million shares of stock during 2013. You all can make your own judgements on his credibility.
GEO928, what you say is true. It wouldn't make sense until all the convertible debt conversions have hit the market. But I'm not sure that hasn't already occured given the magnitude of increase in the O/S (increase of over 1.3 billion shares) since the completion of Proxy Vote.
WilliamB, why would you post outdated numbers from April? I just posted current numbers a couple of days ago. Here's the post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94191215
So you finally got those 2's. Congrats. I think CVP will get a bigger cut of the profits. Siegle was desperate for financing. I also think the shares CVP gets will be distributed from the A/S post R/S. That way their shares are not reduced by the R/S. JMHO.
So Vince, what's your guess on the price ECOS is paying for CVP financing. Hundreds of millions of shares plus a good cut of the D-20 fuel profits?
No importance that I know of. Sounds like he's an investor from Belgium who stated in a post back in May that he would buy 60 million shares of ECOS at .0001. I doubt that he actually bought shares at that price. Maybe he modified his investment criteria since.
"Absolutely sounds like it." Sounds like what. That response from Siegel on how he responds to investors via the Blog? Give me a break!
When the Slot Machine hits triple zero one for the Big 3 (SNTL, Q and N) is there a payout? Q's there and N never got there exactly.
What a Quinela!
So what is the disconnect here? Why is the SP only one notch over what it was trading at before any announcement whatsoever about the financing? And here we are more than a month later.
"FASB Statement no. 165, Subsequent Events, takes effect soon. It applies to interim and annual periods ending after June 15, 2009. The standard requires the disclosure of the date through which an entity has evaluated subsequent events and whether that represents the date the financial statements were issued or were available to be issued. Such disclosures should signal to financial statement users that events happening after the specified date have not been factored into the financial statements being presented, FASB said in a press release."
The Disclosure of financing through CVP was made in mid-October. The Financial Statements were issued and made available on November 14th. No excuses!
Interesting 10Q
Although the 10Q was filed on 11/14 there was no mention whatsoever of the CVP Financing in the Subsequent Events Section of the filing. The Subsequent Events Section is supposed to enunciate on any change in business activity that is of a material nature. You would think that the CVP Financing is material and would be included as such.
Another thing that caught my eye was that the company's debt didn't show any significant change in the current 10Q. Why am I mentioning this. Well, because the CEO stated in the Proxy announcement to increase the Authorized Shares to 5 Billion was the need to utilize approximately 625 million shares to extinguish $625K of the existing Debt. But that also doesn't appear to have happened either.
Current Share Structure Sent From TA:
Good Afternoon,
Please find the updated information below for Ecolocap Solutions:
Authorized: 5,000,000,000
Issued & Outstanding: 2,251,796,767
Restricted: 131,304,731
Have a great day!
All I hear is it's ready to run, but where are the buyers at .0003?
Have a great time fishing with your son. There's nothing more important than you family and your health.
vince, everyone is entitled to their own assessment of the situation with this company and don't deserve to be slammed for giving it as long as their providing it in a civil manner. MB25 as well as myself have been following and invested in ECOS long before you and others all of a sudden showed up after the CEO wrote about this financing deal from CVP on the Website Blog. I happen to agree with MB25's assessment on risk. Apparently it hit a nerve with you as I read you reply post. So your average on shares is .0004. And you have a lot less to lose if the stock goes to .0001 or no-bid and your still sitting on your shares. And you probably won't lose any sleep if you happen to lose it all. I see your point. You win some and lose some. 99% of Penny Stocks are High Risk, IMO. Especially those that haven't taken in a dime in Revenues since their inception; racked up 10's of millions on the Expense end; and issued Billions of Shares through Toxic Financing to pay salaries and keep the lights on. And a lot of the CEO's associated with Toxic Financing use it as a vehicle to enrich themselves at the expense of unsuspecting shareholders. The Penny Market is set up for Traders and Market Makers to Game it, IMO. There's little if any oversight or enforcement by Regulators (i.e. SEC). Those who get into it Long Term in hopes of hitting a Home Run end up mostly on the short end of the stick. That's my sermon for the day.
Go to sec.gov and you will see for yourself that the filing date is state at 11/14/13. Not going to argue this point further.
wantaretire, it's called SUBSEQUENT EVENTS!!
NOTE 12 – SUBSEQUENT EVENTS
In October 2013, Asher Enterprises Inc. converted loans aggregating $8,200 into 136,666,666 common shares of the Company.
In October 2013, Tonaquint Inc. converted loans aggregating $14,246 into 178,100,000 common shares of the Company.
In October 2013, AES Capital Corp. converted loans aggregating $6,650 into 133,000,000 common shares of the Company.
In October 2013, AGS Capital Group LLC converted loans aggregating $3,454 into 69,070,183 common shares of the Company.
In October 2013, Redwood Management, LLC converted loans aggregating $2,460 into 49,200,000 common shares of the Company.
And in October, 2013, ECOS announced that it received financing from CVP.
Read the 10Q previously but overlooked this:
"MBT is negotiating with a factory in Korea that would enable the Company to build 6 NPU and NPW’s machine per month."
Still don't understand why there is no mention of financing from CVP. Isn't ECOS receiving financing from CVP to build the NPU's and NPW's?