EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

This is all driven by GAAP accounting and the SEC disclosure rules. They need to report constructive ownership (not actual ownership) when they issue derivative equity instruments. The intent of this disclosure is to tell a reader at YE 2016 how many additional shares would be issued as of that date if the warrants are exercised.

The amount of these shares potentially issuable will change at YE 2017. The number of shares that LRS has the right to acquire for each 5 1/3% goes up each time the OS increases.