El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

git, The warehouse made the receipt out for the value they were told by ecpn/logistica to make it out for. The warehouse did not valadate the value of the concentrates in any way. The warehouse is a storage company, not a company that values mineral concentrates. The lie that the concentrates have a value of $3.7 million is grossly audacious, shameless and unprincipled. Shows the true nature of johnnyboy and his cohorts.

The reasons they give for increasing authorized shares to half a billion are also quite brazen lies. They suggest they need them to protect from unfriendly takeover and/or provide flexibility for the sale of the company. They really just need them so they can sell them to finance the continuation of the scam. Proof of this is that they gave the same reasons for the increase from 300,000,000 to 400,000,000. I reckon they will be over 400,000,000 outstanding by Dec 31 2016. How many unfriendly (or friendly) takeovers were defended? How many real meaningful deals have they made? What do they have to show for the dilution from 300,000,000 to 400,000,000? How quickly will they need to increase the authorized to 600,000,000?