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You might conclude that PHAR morphed into Nexus. That's how many penny stock scams live on in perpetuity.
Logic tells me that it can't be much of a deal for shareholders if the share price can't get past .0004 after 3 weeks following the news. But that's just my opinion. This stock was trading over .50 less than 3 years ago when the company didn't have jack. But that was 2 billion shares ago. The only folks who made from ECOS are the Toxic Financiers and those drawing salaries.
OMG! I gotta sell my car and buy ECOS. I'll be a millionaire! You people are too much.
Looks like the recent move has come about full circle now.
tob, since you have insight on CVP, what do you think CVP is getting in exchange for financing ECOS based on prior fundings they've done?
Sorry but Howard misled investors with bogus PR's with lies about an investment by a distibutor in Brooklyn, NY and an Audit which was to be done. I personally bought a lot more shares that added to my losses after both PR's came out. So Howard was nothing more than a POS Scammer as well.
I think it took the wind out of Backstabbed sails.
He was on the BOD of Nexus? Wow! Then it looks like de javu for current phar holders.
Lukerduker, great post! The future path for shareholders is really uncertain notwithstanding the forwardlooking info.
KART, I hope you come through on this. I know you have been at it for a long time. Good luck.
"the fact is the company is making millions and millions." What is your purpose is spreading misinformation? Pump the stock? Not working very well.
How about a real FACT! The company had over $3 million in Liabilities and $88 in Cash on the Books at June 30th. Got that FACT Jobrano.
That's a fact alright. Not doubting that there is a financial deal in the works. Just don't know how this is going to play out for the long-term shareholders still around. Sooner or later information on the Deal will have to be disclosed. Right now it appears that there isn't enough info to really move the SP.
At June 30th ECOS showed over $3 million in Liabilities (Notes, Interest owed, Loans, etc.) and $88 in Cash. What real Long-Term investors I imagine would want to know is what CVP is going to get in exchange for providing sufficient financing to ECOS. You can see why there has been massive dillution.
It is my understanding that an R/S does not affect the remaining Authorized Shares. Hypothetically this deal with CVP may involve giving CVP a controlling interest or more in ECOS. This way you can reduce the shares outstanding; increase the SP and issue the controlling amount of shares (or more) to CVP after the R/S. Just a thought.
Just for the record, they haven't done a R/S to date. My guess is there will be one at some point.
You know that the Toxic Financing entities (Asher, etc.) that Siegel uses to unload shares know everything about what's going on with ECOS, the Korean Fuel situation and this pending deal with CVP for financing. My question is would they keep dumping shares at .0003, .0004 with all this breakthrough business around the corner. No question these entities got the shares 50% or more lower than the numbers I just quoted.
Appears around that amount hit the Float since my last update around a week ago. The dillution is obviously putting pressure on the SP.
I made the request this morning. I presume the data is very current. Don't know how the data is reported to the TA.
Current Share Structure
Ecolocap Solutions Inc
Authorized: 5,000,000,000
Issued & Outstanding: 1,968,035,897
Restricted: 131,304,731
When exactly did he tell you that. I heard differently a while back that he was considering an R/S. Do you really believe that this company is going to just sit long-term with Billions in Oustanding Shares
Not a matter of if but when. The A/S was upped from 1 Billion to a whooping 5 Billion shares via a Proxy Vote in August. Since then the company unloaded 1 Billion more shares into the Float via Toxic Financing.
Just to update you. The Outstanding Shares is nearly 2 Billion now. I directly posted it at over 1.8 Billion about a week ago after receiving the data from the TA. I asked that it be stickied but none of the Mods would do it. I wonder why?
You would think there would be no need for additional Toxic Debt with financing in hand. And why unload at .0004 with financing and major contracts going in force in January.
How long has it been now since the CEO came out in his Blog and then confirmed in an 8K that the company had finally received financing to where they could start generating fuel for the Korean Chicken Farms? 2 week or more now? Yet the SP is just minimally above what it was prior to the information being released. You would think with all this Revenue that is being projected investors would have bid up the SP to a half a cent at least. Yet it basically sits between .0004-.0005. My guess is the market cap is somewhere's between $800K-$900K with close to 2 Billion shares O/S. The CEO in his Blog expects to have output of 800,000 liters of D-Fuel a month by February. And at a selling price of .487/liter, that amounts to nearly $400K a month. So how is the SP sitting at a measly $800-$900K? With the numbers that the CEO is projecting this would have to be the bargain of the century right now. Or is there something else at play here?
Yes, time will tell. So assuming the Financing Deal goes through (signed contract), the question should be on all Longs is what MS has to give CVP for what could amount to a $1 million or more of cash infusion. It's one of three of these: (1) A significant portion of the company's shares. There's about 3 Billion still in A/S. (2) A significant portion of profits from Sales,or (3) A combination of (1) and (2).
peggysucks, great DD on your part. I think if AES Capital actually purchased 133 million shares to Hold the SP would be very much higher.
Under SEC Regulations doesn't the terms of the financing have to be disclosed?
I would be real careful about investing in Nexus. They had nearly 5 billion shares outstanding before an R/S. I wouldn't play too much into the reduction of A/S. Also they have 2 Notes totalling around $1.4 million. If these Notes are Convertible it could signal dillution coming. And with $100 Cash at 9/30 what are their financing options? Just my observations.
Never heard of AES Capitol. Your saying they held 20 million shares? If your right, why would they sell-out with all this positive pending news?
Here's the Share Structure reported at 10/22:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93265501
Did you read the part where I said that shares that have not been issued from A/S are not subject to R/S. Other than getting a substantial cut (percentage) of the company shares, I can't think of any other means of compensating CVP of their investment except giving them a big cut of the profits from revenues.
absolutely. How much of those 5 Billion Authorized Shares did Siegel negotiate away to CVP to get what amounts to a million or more in financing? There are nearly 2 Billion already Outstanding. And investors need to understand that if a reverse split is part of the deal, the remaining Authorized Shares are not subject to the R/S as I understand it. This is all speculation on my part.
Still nothing on the CVG Website indicating an investment in ECOS. So one has to wonder where this deal stands.
Yeah well, that's what they do the try and bait buying. But seems like their just selling back and forth to each other here.
Like watching paint dry.
Yeah, real strong. Those .0005's are going down like there's no tomorrow.
How would you know that Asher had 138 million shares? Do they go through a specific MM that's not showing on L2 now?
The A/S is actually 5 Billion Shares. Glad to hear that the SEC is finally going to put the brakes on Toxic Financing, if that's the case. It would put a lot of corrupt Penny Stock shells with no revenues and little in the way of assets out of business. Rarely do you see stocks with heavy dillution through Toxic Financing ever turnaround for long-term holders. Maybe this will be one of those exceptions.
If I recall, Monar was in the fuel distribution business; specifically D-20 Fuel produced by ECOS. Wonder what happened to that partnership?