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Two weeks? How so???
We were told end of August..... 2021 .....
Good thing we got that interest rate locked in infinitum
Dan- I think the challenge here is that all parties and investors know ECSL management have no clue what they are doing. That has been demonstrated with certainty over the past decade and continues to be a constant reminder through this entire land deal.
Better chance of seeing God than getting actual guidance on what the probate process looks like or the measures ECSL put in place over 2 years of RE - negotiating this deal every 6 weeks. Which I suspect are no measures.
If the coconut telegraph is to be believed (major IF with any or little historical validity) then these extensions have been granted with stock or stock options to seller. IF that is true, then MAYBE they have some extra incentive to close with us
Heirs also tend to be greedy, 8 figure pay days tend to provide some incentives as well.
We have such a long road ahead here even if the company corrects itself and produces a close.
All this and a timeline for when CEO plans to step down and turn keys over to professionals
Columbus Day!
Sad Columbus was more confident on finding the americas and executing than Ron and co are closing this MAGA deal
Took Columbus 67 days
Do better ECSL!
They won’t this time, refer to the max bacon trading seminar and review history of ECSL, next delay won’t be discussed. Investors left in dark for weeks (except for those who know the secret to gum shoeing and Ron is indebted to)
Update on something else near October, buzz of a close before EOY, chances of closing 20/80
The pattern is entirely too predictable at this point
Thank you for this
A lot closer to 20 cents than $20
Wonder what currier has been doing on site for the past 18 months?
Wonder what someone is doing on site on a site they don’t own period….. but lest we forget , currier on site was a huge talking point to keep hope alive over a year ago
If we close , Looks like the dilution will be massive and the road to profit long
Silver lining, for those who still believe, lots of time to buy before this lands at Max Bacons water fall hot tub paid with the rolling riches of ECSL buy low/sell high
Mods please sticky this, important caveat emptor for ECSL
Collectively I know we all wouldn’t want anyone to throw their hard earned money into ECsL without a full picture of management lack of execution
Thank you
Always dangerous to catch a falling ECSL (knife)
Me and you both Amigo
Want a terrifying exercise?
When ECSl dropped 4 tweets out of nowhere the other day, went back through Twitter feed since inception.
Gross
That was actually funny
Good call
LOI’s are as easy to print as ECSL shares under a dollar
You can do regional on PR news wire for $500ish ish, nationwide $3000 ish ish
So easy, so simple, so cheap and it gets picked up EVERYWHERE
Anytime I’ve done PR releases, it amazes me what channels pick it up
Add a hydrogen-low carbon spin to it? Should have caught fire
It’s $3000 FFS
ECSL gonna ECSL
And before someone smokes and mirrors, there aren’t enough ECSL treasury shares or ECSL market cap for collateral swap on borrowed funds.
IE, no closely held investor is putting up cash in exchange for shares to finance the deal rendering the interest rate inapplicable
Think of a normal entity borrowing money and the hurdles, no think of a pink sheet company with no assets and a history of failure. Think they are closing anywhere near prime?
Everyone knows better
We have been through this, an annual rate lock doesn’t exist
It’s not a ‘thing’ in the marketplace
But alas, reality is oft suspended in all things ECSL
The cost to borrow money has changed many times over since ECSL initial application
Buy V. Sell last 90 days
Sell days 33 versus Buy days of 26 and 1 neutral
27% delta of sell versus buy
Looks like there are actually plenty of people selling
I'm not one of them, although i wouldn't call any one a fool for selling
We all know where this stock is heading if they don't close
Well we all know that tolerance for mediocrity and mismanagement is vast amongst the shareholders
Best of luck, one day the ship will come in
or not
I appreciate that, and thank you for the guidance on trades over the last decade
My butt has firm seat on that rocket to the moon thanks to ECSL
All my shares are profit at this point, so good there
Only hope for prosperity and good health for everyone here
Particularly our nonagenarian poster here, he deserves it most and has seen the most
If IR told you the rate is locked in for the last 12 months, they are lying to you
Which, as you know, wouldn't be the first or the last time
If you have been around ECSL long enough, then you know when an expected date is put out, it rarely if ever happens
Russia Tanker
Costa Rica Auto Plaza
Canadian Indian reservations
Relationship with Hightower
im sure almost every poster here could post 4 more events that didnt happen but were touted
Now, now, what does financing and logic have to do with anything?
Cost of borrowed money is almost 2X from where it was just a year ago, barrier to entry for a company that has nothing and a track record of lawsuits and ineptness has risen lock step
Whatever anyone projections were, there is a dilution element in play IF this closes
Very BIG if
Think JL wishes he was still giving away toasters at a satellite BOA branch at this point?
Amen.
Ok, so what is reasonable?
5 years? 3 years?
Clearly 2 years and over is ok based on that assertation, when should an investor be concerned on a deal of this magnitude involving land and sea?
Better question, whatever that number is, why wouldn't management have set that expectation over two years ago?
Oh yeah, because they have zero clue on what they are doing
oh boy,
how many times can one ape be right and so many men be wrong
Two year + streak of being undefeated continues
I personally cant wait until the day it ends and this deal closes but for today, you are top banana my friend
Looks like loan still isnt approved
imagine that
Well, there is that.
I guess we can start there
We agree to disagree on that too, seems to be a common theme
Heading out to play golf, see you in Tampa Tuesday at the dock party
The event that proceeded the event , that eventually came out as a non event but was supposed to be an event. That may have been an event and was touted as a forthcoming event but when the event happened, nothing was said. Until later when it actually didn't happen.
Pick any of them- this has been played out a dozen times since 2012
I think my favorite part of this epic journey was when we were all waiting with high anticipation of close over a year ago and the big announcement that dropped was they executed a contract.
Which by default was every layman's take away when we 'entered into an agreement' now over two years ago.
You truly cant script it, its fascinating, somewhat fun, but mostly depressing.
i keep forgetting that i don't have the intellect and the education to understand any of it, and even if i did, as the largest deal ever in the history of the world, i prob still wouldn't get it
Bingo!
Easy mistake, ECSL is by securities law supposed to disclose material events
its been a long standing debate amongst adults here that ECSL oft does not know how to determine what is or is not a material event and on occasion appear to have gone so far as to disclose material events outside the press release 'news' vehicle. Perhaps even to those DirectDialers who tout, we cant be sure. But when you look at the pump and dump nature of this stock, the posts of the people who claim to have made money on the way up and the way down, and the narrative that is spewed 24/7, its pretty smoky.
So the reality is, no one knows if it closed because management does in fact have a long history of not adhering to required disclosures and frankly being pretty down right terrible as basically anything that would essentially be defined as their job, as much as some don't want to admit
The only thing that IS known is they haven't said anything which is perfectly inline with how they typically operate but completely contradicts recent prior messaging and dilutes shareholders confidence (who knew there could be any left?)
ECSL continues to punish, degrade and evaporate integrity.
But hey, I'm sure the deal just got bigger, is improved, and in addition to FSR, everyone who has been on the con long enough, just got a free boat and a brand new car. Because, you know, patience is rewarded
Hopes this helps
Cheers
Buxom Zuma Emporium
Can we unsticky this please? Its very misleading to anyone who may be interested in learning about ECSL
Unless of course the point is to illustrate the latest failure of management to close anything
Mods, can we sticky this post please
It’s good public service for those researching the stock
Thx
2 years
The notice last year in July was what everyone was led to believe was already achieved in July 2020
ECSL doesn’t answer to anyone and doesn’t work on any timelines associated with capitalistic business ventures / publicly traded companies
Who ever got you in this mess, should have let you know that.
It’s been the same since I got in October 2014 until now
Every ‘deal’ every time, just gets kicked down the road, until it doesn’t, and then you never hear about it again
I’ll reach out to Ron and John, they are going to need employment very soon
But yet if we find a hall of mirrors, can you really look in it and say it’s surprising?
Lay down with dogs and get fleas
What is worse? Those who follow the inept leadership expecting them to somehow change or the actual imbeciles in charge?
Yeah, I know nothing about real estate and closings
Maybe if more people listened to others on here they could avoid distractions and had the best Xmas ever the past 7 years. Oh wait….
Meanwhile, gotta get back to my real estate business of 27 years
You interested in consulting?
No, that is factually inaccurate
The loan is conditionally approved to the satisfaction of 75 items that we know of, and potentially other contractual obligations. ‘Pre approval’ time isnt infinite
So last week when you (John) said update and major press release would be fourth coming this week, you knew there were 75 items that needed to be rectified prior to closing?
They really are dumber than I ever could have imagined
Ha, and ‘all applications will be processed’
This is actually fitting for ECSL (management) it’s a great analogy to a sub prime car lot
No, it is not approved.
There is no CTC (clear to close)
Avoid distractions from people who define ‘closed deals’ as deals that aren’t closed
Well, Now you know
Didn’t close
Shocking