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Promoter shares don't show up on L2. They get their shares a different way than you and I.
Definitely someone intentionally bid-pecking here and there over the last two months to make sure we don't get too far above the .02 to .03 range. Sat at .04 all day until someone hit the bid a few minutes before close. Someone else came in with paint to end the day, but I'd bet we see a 1,000 share bid-peck before noon tomorrow.
Not that it means anything, but I wouldn't mind seeing this slowly creep back to .05 - .08, with or without bid support.
This entire thing is about acquiring the O'Hare location, which has the revenues mentioned in that post. The other locations are gravy. The thinking is that with O'Hare in hand, if other locations join later, we're talking more revenue, and the ability to acquire will be a simple process with real revenue and a process and team in place to bring those other locations on board.
I might be completely wrong, but that's how I've understood everything.
Ultimately, the goal is targeted acquisitions, not just any old rental location. That's why they're looking for companies outside of ACE and the O'Hare location.
Hard to disagree with that! My EGCT portfolio has turned into a long-term, low-negative-return savings account.
Based on what I recall, $75 - $90 MM year-over-year revenue at the central location. They're not acquiring every location in that LOI. ACE is a franchised organization. The big factor here is Dick Radzis, the CEO, who agreed to stay on board at that location after the acquisition, making the transition more seamless and increasing the likelihood of more locations jumping aboard.
If you haven't already listened to the two radio interviews in the iBox, you definitely should. But I'm sure you already have and someone has filled you in, since no one just stumbles onto EGCT!
EGCT 10-K
Should have a new 10-K to comb through Monday.
That K covers a lot of ground. Out of curiosity, you referring to the spinoff or the acquisition model or the Shine product or something else?
We don't get many visitors in these parts (cue western whistle).
It is, though how close that future is is a constant work in progress. Anything, or anyone, specific that's piqued your interest here?
Would be interesting to see some revenue projections for this. Jiffy Lube is no small thing, but there's a big difference between being approved for use at any Jiffy Lube location and being offered at every Jiffy Lube location.
In any case, it's a nice update. I hope this brings in some good return for investors at some point.
Two and a half hours since that large bid posted at .20 and still no bid whackers? What's the EGCT world coming to!?!
Hopefully a sign of more to come rather than a sign of one more gambler.
63000 on the bid at .20. That's a nice development.
That's an either/or fallacy. In other words, it's not that there are only two options here:
1. Either this is a "business" with "revenues"
or
2. This is a stock-selling scam
Eco-Shine aside (which is the only real revenue producer, but not enough to do much more than pay the rent, thus far), no one is claiming that EGCT has a business. What they're trying to sell is a brand. A steep climb, no doubt, but a brand, which encompasses far more than just products, is bigger than simply "revenue." Ecologic is trying to sell a brand, and if successful, then they've made money without ever having to expend money on "products" and "marketing" and typical revenue-producing assets.
Unlikely? Yes. But not having products and revenues does not automatically make something a scam.
Got a few new buyers lining up for EGCT shares. With the selling we've seen, it seems like some folks are feeling urgent enough to move up to the ask rather than waiting for it to move down to them.
If by "D-O-A" you mean "Drooling Over Assets," then we wholeheartedly agree.
Timber season coming up. Expect to see some AZFL contract/partnership announcements before too long.
Thanks for your response. Withrow (not Winthrop) was involved in a big promo with another stock, to be sure. He's got his hands in a lot of ventures--some, it seems, as a means of raising quick cash, some as ways of building a business to sell. My take is that Ecologic is the core venture, the one he's built around to sell and retire on. He's put years of effort and several hundred thousand dollars of his own cash into this, and that size investment won't be returned through any awareness/promo. This has to be a legit business deal to make that risk worthwhile. ACE is a legitimate rental car company.
From what I understand, they never "had the funding." They reached an initial agreement with a lender, which led to the negotiation of a temr sheet, which led to where we are now. Getting funding as a startup takes years. Signing term sheets, fulfilling terms, auditing an entire rental car operation--fulfilling all that is a long process and a longshot, and it's why I have no concern with the time it's taken.
This is all my amateur opinion, as always, but I have no problem reconciling other Withrow ventures as cash grabs with EGCT as a legitimate business operation.
Perhaps I'm being naive, but I'm obviously willing to gamble on the opposite.
Out of curiosity, if you were going to run a stock-selling scam, wouldn't you choose the usual one- or two-month promotional route rather than dragging out a four-plus-year scheme involving copious amounts of paperwork? This just seems way too inefficient and under-promoted to be a scam. What's your take?
It most definitely can be traded with Apex. Ameritrade is the only one restricting as far as I can tell. There's is absolutely NO DTC chill. And am I wrong, or aren't ALL stocks subject to the liquidity issue you mentioned?
Can you post a link to the DTC chill list you're referencing? I honestly can't find it. All I can find is that AZFL hasn't ever applied for DTC eligibility, so it seems crazy that they could even be on a DTC chill list.
I don't know that I would use the phrase "set up," which might imply a promotion; hopefully, this is just investors like me getting ready for the finalization of the ACE acquisition.
How can this have a DTC chill if AZFL has yet to achieve DTC eligibility? It can't.
Lots of nice ask-slapping at EGCT today. Some selling, too, unfortunately, but nice to see some volume. Hopefully this is a good indicator of progress.
Looks like the huge block on the offer found a buyer. Big buyers stepping in today. Hopefully a good sign.
Pretty nice ask slap this morning. Other than the big block on the ask through ETRF (that block has been there for over a week), we look to be in good shape in case we see any sort of catalyst, and at this point, I'll gladly take that.
Understandable. I'm as optimistic as ever; just bummed about all the money I could have made (or, honestly, just as easily could have lost) on other stocks during this interminable wait. If nothing else, Ecologic has been, for me, a mid-term savings account with a slightly negative interest rate. But I still believe.
Market's closed Monday.
Hard to argue with that based on the evidence.
Yep, nice buys today. Appears to have come from one or two buyers. Still hanging on to hope that EGCT comes through with something nice for the faithful few here.
Odd. Dropped off iHub's L2. Refreshed after I saw your message, and it's back. Sorry. Nothing to see here.
Looks like NITE dropped off the offer side of the L2, at least as of ten minutes ago. Interesting.
PMs are free this week, Deano.
Where do you see value/pps increase coming from?
Amazonas Florestal Receives Purchase Order for $2,640,000
Amazonas Florestal, Ltd. sustainable forest management company, expands partnership with Trackwork Ltd, the UK’s largest contractor for railway supply.
Amazonas Florestal, Ltd. (OTCPK: AZFL) (“Amazonas” or “Company”), a diversified forest management company generating profit through innovative, sustainable forest management, received a purchase order for $2,640,000 from Trackwork Ltd (“Trackwork”) for 4000m³ of sleepers and bearers (railroad ties).
Having passed an on-site quality control inspection and filled previous orders for Trackwork, Amazonas receives this purchase order as the next step in a growing relationship with Trackwork, its longest-standing and largest client. This larger order provides Amazonas with leverage to harvest current forest management projects, which will, in turn, provide additional supply of species for production at low cost.
“As a product, sleepers are a perfect fit for us: the approved species for sleepers are abundant in our properties, they’re a high-yield product, and they don’t need kiln-drying, which significantly boosts our profit margins,” says Michael Ibar, CEO of Amazonas; “we’re excited to begin the fulfillment of this order and hope to continue expanding our relationship with Trackwork.”
Contract with Park 'n Fly completed according to this 8K (http://www.sec.gov/Archives/edgar/data/1379245/000138713112003965/eco-8k_120612.htm ). Interpret it as you want, but combined with the most recent 10-Q, I see this as a sign that we're moving forward in an agreement/contract with the national chain mentioned in that Q.
Fair enough. You're obviously pretty irked with the company; I was only making a note of the change in L2 in hopes that it's a sign of new buyers hearing reason to join in. I won't bother you with short-term changes anymore!
I was speaking relative to what we've been looking at in the immediate past. Of course it's low relative to the 200; my point was only that after the deadness of the bid in the past weeks, it looks like some life is returning.