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Re: renewabledick post# 24829

Wednesday, 05/20/2015 12:25:32 PM

Wednesday, May 20, 2015 12:25:32 PM

Post# of 68548
There are some reasons why no VC or other strategic investor should not and will not ever invest in this company. It is a reason why it looks like a shady investment

1) You have voting control and the Board vested in three people (MS, Egger and Kwak) who do not much if any stock. They control 99% of the vote with no skin in the game.
2) You have management (MS and Egger) who draw salaries of over $100k per year financed first bey real equity investments and the last couple of years funded by toxic debt.

I actually talked to some VC's about ECOS back in 2011-2012 when the battery project and the algae into fuel projects had promise. We wouldn't invest unless the equity structure was changed to one share one vote and the Board was more representative of the real shareholder base. These are not things MS had no interest in.

My advice to MS a number of times over the past few years was focus on one idea and execute on it. He could use some of the other technology as a licensing vehicle to generate cash flow to feed the kitty of development and execution.

This company has had no revenue and no operating business since XL Generation became ECOS (I believe seven years ago). Now he has no capital, no operating business and can't even file required securities reports. I think the clock on the wall has struck twelve and ECOS has turned back into a pumpkin.

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