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Re: adammh post# 44687

Friday, 11/03/2017 6:38:18 PM

Friday, November 03, 2017 6:38:18 PM

Post# of 68548
Here is a simple insight as to why the OS hasn't changed and likely won't for a couple of weeks.

1) The AS was capped at 10bn before the 14C goes effective. Therefore, the OS (in the form of unrestricted shares) can't be more than 10bn prior to the 14C going effective.

2) The 14C can't really go effective until the financials are corrected. Thee is a small securities law issue with issuing shares after you told the public don't rely on our financials. Any lawyer worth their salt would tell ECOS not to sell or issue any unrestricted shares right now.

3) Since they have issued 9.8bn, they can issue just under 200m shares.

Those worried about dilution, don't worry there can't be any until they fix the financials and declare the 14C effective.

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