EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

I think what Kenny says has a tinge of truth for most public companies, including ECOS.

Many Companies often spin in their PR's and their SEC filings their story and have a tendency to not always state all of the facts or disclose on a timely basis.

There is some truth to that end regarding ECOS. Here are some simple examples.
1) The 110 day period on the digester should have expired by now. Under the SEC disclosure rules (and their version of materiality), this is something they should have promptly disclosed. The fact that it hasn't been disclosed either means they haven't met the 110 day testing period (another issue requiring disclosure) or they failed to meet their disclosure items by not promptly disclosing.
2) The fact that they never filed or disclosed the terms of their distribution agreement with their Korean supplier. Would seem to be the most material agreement to ECOS since it is the backbone of the LRS deal and Canadian chicken farm.
3) Being delinquent in ones filings makes Rule 144 and other safe harbors for the issuance/sale of securities (including restricted shares) unavailable. Even an issuance under a 14C is questionable when delinquent. Yet they have clearly issued shares (restricted, preferred and regular common) during this period.
4) There is still an omission in their latest 10KA which is material. The fact that they can't figure it out tells me that they don't understand something basic about their business and the SEC disclosure rules.

Young Kwak is better than MS, but this company is still not very transparent.