EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

I don't think as a technical matter MS committed fraud in the way he portrayed his experience. Everything he said is at some level true.

1) He was the President of C Line, Inc. in the 1980's. He never said what C Line was or did. Readers didn't know it was an adult cabaret business and wanted to believe it was another C Line.

2) MS was the President of Vietelco which was a company formed under Nevada law with 2,500 shares of no par stock which had its charter revoked not long after being formed. It doesn't appear to have done anything of substance but he was the President.

3) Mr. Egger did work at the Liquor Outlet which is a liquor store just down the street from C Line. My guess is he was the General Manager. Again not a lie just nobody checked the facts.

4) As to International Lottery and Gaming it was a company that sold lottery tickets to people in Russia. It employed commission salesman who sold tickets to people with the promise of USD, trips to the US and merchandise. He was President and it did exist. (Source 1994 New York Times article by Steven Kagan)

5) From a 1994 Chicago Tribune article MS describes his business background as running transient hotels and discos. So he was a partner in the hotel business granted granted not the Ritz.

This is a classic case of people reading things and not checking the facts. As I have said on this Board in the past words don't have meaning, people give words meaning.

My guess is there is a chicken farm somewhere in Korea that thought about using M Fuel.