EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

I still think there is either an issue with the digester or they are playing securities roulette (which sends people to bad places).

I don’t think GS is in LRS to do anything with ECOS. It is something much larger. It is likely a play to buy another waste company. My guess is GS invested in preferred or senior debt of LRS with a 3 year or less investment horizon.

I don’t see a pop beyond 2 until the converts go away. I actually thought about seeing if Fife would sell some or all Of his debt to me. I think an ECOS debt play is a higher return in the next twelve to 18 months. Default debt has much more leverage right now In default they can demand lots of things in exchange for forbearance