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Post# of 68548
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deal guy

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deal guy

Re: PennystockID2017 post# 38241

Monday, 08/28/2017 12:08:03 PM

Monday, August 28, 2017 12:08:03 PM

Post# of 68548
The $647k for the equipment is before ECOS pays their suppliers and installers. Net to ECOS likely $100k

In addition under the JV agreement ECOS is required to contribute their profit from the first 8 machines into the JV. So they don't actually keep the cash flow related to net income on machine sales.

ECOS will go forward with the debt conversion and issuance of shares since they have no way to repay the outstanding debt.

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