Global Ecology Corporation (GLEC)

[Majobuki]

I don't think you are reading that right. They got a line of credit to initiate the process to sell it's entire year allotment. Not that the credit line is secured by the entire sale of the years allotment. Big difference.

This required the Company to obtain a line of credit to initiate the process that would lead to the sale of its entire annual ‘Gold Standard’ Carbon Credit allotment.

There is a quote from the Oct 6th 8K that eludes to this as well but it only uses the contracts as collateral. I'm sure the value of the VCU purchase contracts far exceeds the line of credit received. Just a guess of course.

GECO has recently entered into negotiations with parties very interested in supporting the company with funds to purchase raw materials for the production of its products using VCU purchase contracts as collateral.